Situated on a spacious half-acre lot with no HOA, this extremely well-maintained home offers the rare combination of space, comfort, and true move-in-ready condition in a highly desirable location between Martindale and San Marcos. The roof was replaced in 2024, adding long-term value and peace of mind. Inside, the thoughtfully designed layout features 3 bedrooms, 2 full bathrooms, and a dedicated office with French doors facing the front of the home - ideal for working remotely or creating a quiet flex space. The primary suite is generously sized and includes an ensuite with double vanity, a deep garden tub, separate shower, and a walk-in closet positioned just off the bedroom. The grand kitchen is designed for gathering with high ceilings, granite countertops, an oversized island with additional seating, and open views into the dining area with room for a large table. Tucked away in a cozy setting, the living room is filled with natural light and offers a comfortable place to unwind. Step outside to enjoy the covered back patio complete with a ceiling fan for added comfort and peaceful views of the beautiful level backyard - ready for gardens, play space, or your own personal vision. The deep covered front porch provides enough room for lounging furniture and quiet evenings outdoors. Enjoy a prime location that feels tucked away from the city while still offering quick access to FM 110, Hwy 21, and IH-35, making commuting simple. Restaurants, nightlife, shopping, Texas State University, and river tubing are all just minutes away in the charming communities of Martindale and San Marcos. Homes in this pocket neighborhood rarely become available—don’t miss your opportunity to see this one as soon as possible.
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.
