Assumable VA loan 2.75! Your Dream Home Awaits in Tivoli, a Sought-After San Antonio Gem! Step into luxury with this stunning 4BR/4BA, 3,879 sq ft home, nestled on a spacious .65-acre cul-de-sac lot within the exclusive and highly sought-after gated community of Tivoli in San Antonio. This meticulously designed residence offers the ultimate in comfort and convenience, starting with its incredible chef's kitchen. Prepare culinary masterpieces with ease, then enjoy meals in your choice of the elegant formal dining room or the sun-drenched breakfast nook. Need a dedicated workspace? A convenient built-in desk provides the perfect spot for productivity. One of this home's most coveted features is its intelligent layout: all four bedrooms are located on main level, ensuring ease of access and privacy for everyone. Sprawling Bonus room on second level with storage and a bathroom. Outside, your private oasis awaits! Unwind in the inviting built-in hot tub, complete with its own dedicated pump equipment for effortless maintenance. The lush landscaping is kept pristine by an efficient sprinkler system. Inside, enjoy the timeless beauty and easy care of wood floors flowing throughout the main living areas. For ultimate convenience, the spacious laundry room is thoughtfully located directly off the primary closet, making daily routines a breeze. Primary Bath has large walk in shower, dual vanities and 2 closets. Tivoli is renowned for its tranquil environment, spacious lots, and the peace of mind that comes with living in a well-maintained gated community. Residents here enjoy the best of San Antonio living while being just minutes away from fine dining, entertainment, shopping, and top-rated schools. This is more than just a house; it's a lifestyle in one of San Antonio's most desirable neighborhoods. Quick access to major highways.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
