Come see this stunning 4 bedroom, 3 full bathroom, one-and-a-half-story home located in the highly desirable community of Riata! Notice the beautiful curb appeal with its attractive stone and brick exterior, custom stone and brick flowerbeds, and welcoming covered entryway. Inside, the home offers abundant natural light, hardwood floors throughout the main living areas, and an open concept layout designed for both everyday living and entertaining. The kitchen features granite countertops, a large center island with bar seating, 42" cabinets, upgraded backsplash, stainless steel appliances, gas cooking, and ample cabinet and counter space. The spacious living area flows seamlessly from the kitchen and is highlighted by large windows, recessed lighting, and high ceilings that create a bright and inviting atmosphere. The thoughtfully designed floor plan offers the primary bedroom along with two secondary bedrooms conveniently located downstairs, while the remaining bedroom and spacious game room are upstairs, providing excellent flexibility and privacy for guests or family members. The primary suite is split from the other bedrooms for added privacy and offers a relaxing retreat with tray ceilings and features a recently renovated spa-inspired bathroom featuring barn doors, an oversized walk-in tiled shower with a rainfall shower head, separate vanities, wood-look tile flooring, and a spacious walk-in closet. Additional home features include ceiling fans in every room, gutters, a water softener, and under soffit LED lighting. Step outside to the oversized covered patio, complete with a mounted TV that will convey with the home and a recently added 8x15 patio extension, creating the ideal setting for entertaining, grilling, or relaxing evenings outdoors. Conveniently located near Randolph Air Force Base with easy access to I-35, shopping, dining, and entertainment, this home is also zoned to the highly rated Schertz-Cibolo-Universal City ISD. Neighborhood amenities include a pool and playground. Schedule your showing today!
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.
