Welcome to this beautiful 3534 SF, 5-bedroom, one office, 3.5-bathroom home in the highly desirable Copper Canyon community where the well-designed homes located at the edge of the Hill Country and easy access to San Antonio. THIS HOUSE IS LISTED @ THE LOWEST $/SF IN THIS NEIGHBORHOOD ($26K BELOW COUNTY APPRISAL VALUE!). Step inside from the front porch to find an inviting entry way that opens to an office area, a charming formal dining room and your blended kitchen and breakfast area. The gourmet kitchen features spacious quartz countertops with classic white subway tile backsplash, gleaming stainless-steel appliances, a natural gas cooking range, shaker style cabinets and a corner walk-in pantry. A spacious kitchen island with an eat-in bar overlooks your breakfast area so you will never miss a moment with your loved ones. The spacious open concept living room is separated from the breakfast nook by a half wall and includes a ceiling fan, plenty of windows, wood like tile hard surface flooring and a doorway leading to the back covered patio. Entertain your guests or relax with the family in your fully landscaped and irrigated backyard. Enjoy the private main bedroom suite situated off the breakfast nook, your attractive ensuite bathroom includes dual vanity sinks, a tiled walk-in shower and a garden tub. The second floor offers a large open game room area with plenty of space to play or entertain. A hallway off the game room area connects a full bath, two secondary bedrooms and a third secondary bedroom with private full bath and walk-in closet. The neighborhood amenities include a pool, gym, park, and clubhouse. It is convenient to access US 281, LP 1604and SH 46. Come and check out this gem 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.
