MOTIVATED SELLER + RARE VA ASSUMABLE LOAN WITH LOW 2.75 FIXED RATE FOR QUALIFIED BUYERS! Fresh paint and brand-new vinyl flooring throughout-move-in ready from day one! Welcome to comfort, convenience, and exceptional value in the heart of Schertz! This beautifully refreshed 3-bedroom, 2-bath home in the highly desirable Riata community offers an incredible opportunity for buyers seeking affordability, lifestyle, and location all in one package. Step inside and immediately appreciate the bright open-concept layout designed for both everyday living and entertaining. The spacious living and dining areas flow seamlessly into the kitchen, creating the perfect setting for family dinners, gatherings with friends, or relaxing evenings at home. Step outside and enjoy Texas evenings under the covered back patio-ideal for weekend BBQs, morning coffee, or simply unwinding after a long day. The backyard provides plenty of room for kids, pets, play, gardening, or future customization. This home has been thoughtfully updated with major improvements, including a new roof installed in November 2024, fresh interior paint, and brand-new vinyl flooring throughout, providing peace of mind and a truly move-in-ready experience. Located within walking distance to Sippel Elementary and just minutes from I-35, commuting to San Antonio, New Braunfels, or Randolph AFB is quick and convenient. Shopping, dining, entertainment, and everyday essentials are all within 10 minutes, giving you the ideal balance of comfort and accessibility. Residents of Riata also enjoy neighborhood amenities including a community pool-perfect for cooling off during hot Texas summers. Whether you're a first-time homebuyer, looking to downsize, or searching for a smart investment opportunity, this home checks all the boxes. Opportunities featuring a VA assumable loan with a low 2.75 fixed rate are hard to find-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.
