$15,000 IN SELLER'S CONCESSIONS! Welcome to your own private retreat in the highly sought-after Shannon Ridge community - where refined country living, towering live oaks, and exceptional craftsmanship come together on 15 beautiful Ag Exempt acres. Conveniently located just minutes from Floresville and an easy drive to San Antonio, this property offers the perfect blend of privacy, functionality, and luxury. From the moment you enter through the custom automatic gate, you're greeted by a stunning drive lined with mature live oaks, manicured landscaping, and an impressive blacktop drive and parking area that immediately sets the tone for this special property. The fully updated 3,471 sq ft home was thoughtfully designed with timeless finishes, warm textures, and an inviting open layout. Featuring 4 bedrooms, 2.5 bathrooms, and two spacious living areas, the home offers both comfort and functionality for everyday living and entertaining alike. The open-concept kitchen and dining area showcase quartz countertops throughout, stylish fixtures, updated cabinetry, and beautiful natural light. Flooring includes a tasteful mix of laminate wood, brick, tile, and carpet that perfectly complements the home's modern Hill Country aesthetic. Major updates include new windows throughout, a new roof, and a new AC unit - making this home as practical as it is beautiful. The oversized back deck creates an ideal setting for gatherings, grilling, or simply relaxing beneath the canopy of oaks while overlooking the peaceful landscape. Outside, the property is equally impressive. Fully fenced and cross-fenced for cattle, the ranch is well-equipped with working pens, a workshop, and productive grazing pasture. A small pond holds water exceptionally well, while the winding creek adds character and elevation changes that give the land a scenic rolling terrain rarely found in the area. Wildlife is abundant, offering excellent recreational opportunities with native whitetail deer, turkey, dove, bobcats, coyotes, and more regularly seen throughout the property. Whether you're looking for a full-time residence, recreational getaway, or a turnkey ranch property with upscale finishes, this Shannon Ridge gem truly checks all the boxes. Properties like this rarely come available - and this one is ready to impress.
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.
