Price improved! Located in the gated Heights of Indian Springs and zoned to highly acclaimed Comal ISD schools, including Indian Springs Elementary and Pieper High School, this move-in ready 4-bedroom, 3.5-bath home offers a rare combination of space, flexibility, and value - all with NO city taxes and energy saving solar panels that can help reduce monthly utility costs. Featuring a dedicated study, gameroom, media room, and tandem 3-car garage, this floor plan is ideal for families, remote professionals, multi-generational living, or anyone needing extra space. Inside, you'll find soaring ceilings, abundant natural light, and durable wood-look tile flooring throughout the main living areas. The thoughtfully designed layout includes both the primary suite and a secondary bedroom downstairs, providing flexibility for guests, aging parents, or a private home office setup. The heart of the home is the spacious open-concept kitchen and family room. The chef's kitchen features a large granite island, built-in stainless steel appliances, gas cooking, double ovens, walk-in pantry, and abundant cabinetry. The kitchen flows seamlessly into the dining area and family room, highlighted by a floor-to-ceiling stone fireplace and large windows overlooking the backyard. The private primary retreat offers a bay window sitting area and an ensuite bath with dual vanities, granite countertops, soaking tub, walk-in shower, and oversized walk-in closet. Upstairs, you'll find a spacious gameroom and dedicated media room, creating the perfect setup for movie nights, gaming, hobbies, fitness equipment, or additional living space. Outside, enjoy a covered patio and spacious backyard with room to relax, play, or entertain. Residents of Heights of Indian Springs enjoy exceptional neighborhood amenities including a community pool, playground, dog park, and brand-new pickleball courts. Conveniently located along the Highway 281 corridor with easy access to shopping, dining, hospitals, and major employers, this home offers the space buyers want, the schools they seek, and the tax savings that are increasingly hard to find.
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.
