VIEWS, VIEWS, VIEWS! Welcome to 2830 Running Fawn, San Antonio, Texas, a splendid home that marries comfort and design in a seamless blend. Located within a beautiful gated community, this home stands out with its exquisite combination of brick and stone exterior, reflecting pride of ownership and an undeniable curb appeal that captures the eye. The rear covered patio offers elevated, long-range views that stretch for miles, ensuring the sun sets in front of the house and allowing for more enjoyable summer evenings outdoors in the backyard. Spanning 2,774 square feet with 3 bedrooms, 2 full baths, a dedicated private office that could easily be converted into a 4th bedroom, a large bonus room upstairs ideal for movies, a pool table, etc., the home offers an expansive living experience. The main floor unfolds into an open floor plan, spoiled with natural light from large windows, enhancing the spacious kitchen and dining area. Granite countertops, a large island, stainless appliances, and ample cabinets define the kitchen, making it a chef's delight. It opens effortlessly into the family room, where a stacked stone floor-to-ceiling gas fireplace stands as a focal point, adding a touch of warmth and elegance. An exceptional feature of this home is the large game room located upstairs, offering a versatile space for entertainment or relaxation. The primary bedroom offers amazing elevated views, a beautiful 5 piece bathroom with an over-sized walk-in shower, double vanity and a spacious walk-in shower. The two guest bedrooms are located away from the primary bedroom and share an immaculate full bathroom. Additionally, the a second built-in office/desk off the kitchen, strategically open to the family room, provides a perfect spot for managing household affairs or remote work. The exterior spaces of this home are equally impressive. The covered patio is the perfect place for evening dining, grilling or morning coffee. The large backyard, spanning over 1/4 acre, awaits your personal touch, be it installing a swimming pool or simply enjoying the excellent community amenities nearby, including a pool, dog park, and playground. Located within walking distance to Indian Springs Elementary and zoned for the highly desirable Pieper High School, this home not only promises a sanctuary for your family but also assures a community rich in amenities and conveniences. Minutes away from shopping, dining, and entertainment options, 2830 Running Fawn offers the ideal location with its' views and floor plan. With great schools, a 3-car tandem garage with epoxy flooring for your vehicles and storage needs, a dining area that boasts extended views, a water softener, a built-in drop zone off the garage and so much more, this home is a testament to both beauty and functional living. Come take a look at 2830 Running Fawn-you won't be disappointed!
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.
