OPEN HOUSE 4/18 and 4/19 10 am to Noon. A remarkable Whitestone home nestled within the exclusive, gated community of Cavalo Creek Estates- where privacy, sophistication, and refined living define one of North Central San Antonio's most desirable neighborhoods. At the heart of the home, the gourmet kitchen with gas cooking offers generous workspace and flows seamlessly into the main living areas- ideal for both everyday living and entertaining. The private primary suite serves as a peaceful retreat, featuring a spacious layout, a charming bay window, and a spa-like bath designed for relaxation. This desirable 1.5-story floor plan places all bedrooms and a sophisticated executive office with custom built-in shelving on the main level, while a spacious upstairs game room with a full bath provides the perfect space for guests or recreation. Step outside to a truly one-of-a-kind backyard retreat. Three stunning pergolas create multiple shaded gathering spaces, including a refreshed deck with durable composite planking and three large ceiling fans for year-round comfort. Enjoy evenings around the custom concrete patio with a built-in fire pit, or stroll along the impressive 82-foot stone walkway leading from the driveway to the elegant pool. The pool has been fully modernized with all-new equipment, including a Pentair IntelliSense variable-speed pump with WiFi control, updated lighting, Polaris skimmer, Pentair salt cell filtration system, and solar heating for an extended swim season. Designed for exceptional entertaining, the 20x30 outdoor kitchen and pool house is a standout feature, complete with heating, air conditioning, and running water-perfect for hosting in any weather. Additional enhancements include electrical outlets and ceiling fans in the poolside pergola, adding both comfort and functionality to the outdoor spaces. Energy efficiency and sustainability shine with 41 solar panels (paid off) and a whole-house water filtration system, offering long-term savings and peace of mind. The backyard is thoughtfully designed with xeriscaping for low maintenance, complemented by lush landscaping and a variety of fruit-bearing trees- including apple, pear, peach, pomegranate, and fig- creating a serene, garden-like setting. Blending luxury, comfort, and efficiency, this exceptional property offers a rare opportunity to experience elevated living at its finest.
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.
