Priced to sell! This charming home offers excellent value with spacious living areas, an open floor plan with lots of upgrades w/drought tolerant landscaping. The Seller is motivated and ready to consider all reasonable offers. Don't miss this opportunity - schedule your showing today! This is a wonderful home is priced well below market -- Bring your buyers to discover elegance, comfort, and space in this 4-bedroom, 2.5-bath home spanning 2,379 sq ft. Nestled in the thriving Sedona subdivision in the City of Schertz, this two-story gem offers modern living in a vibrant community near nature parks, great schools, and convenient amenities. Step inside to an inviting open-concept layout enhanced by natural light that floods the main level, with ceramic tile and wood linoleum in the down stairs, creating a warm, airy atmosphere perfect for entertaining or relaxing with loved ones. GOURMET KITCHEN HIGHLIGHTS: - Granite countertops for lasting beauty and function - Generous cabinetry and prep space - Seamless flow to dining area/office which is ideal for special gatherings and making connections. MASTER SUITE - Primary Bedroom is downstairs and is set up like a private retreat complete with a garden tub, separate shower, dual vanities, and large walk in closet with tasteful finishes. Just outside the master is an indoor laundry room with custom cabinets for storing laundry supplies and added space. UPSTAIRS VERSATILITY: A spacious loft offers endless possibilities-home office, media room, or play area-surrounded by three generously sized bedrooms ready for guests, hobbies, or family. COMMUNITY PERKS: Located in a desirable subdivision with ongoing growth, this home is a smart investment in lifestyle and future value that could gain equity in short time frame This home awaits the right buyer looking for a perfect blend of sophistication, functionality, and charm. Bring your Buyers ... Schedule your private tour today and take the first step toward calling this house your home. -- This home has an assumable VA Loan with a low interest rate for a a qualified Buyer.
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.
