Everything currently in the home conveys with the sale, creating a truly turnkey opportunity in the gated community of The Preserve at Alamo Ranch within the award-winning NISD school district. This impressive two-story home features a striking brick and stone exterior, a spacious three-car garage, and a thoughtfully designed layout that blends comfort, functionality, and entertainment. The home offers a dedicated flex room with built-in shelving, ideal for a home office or study, a formal dining room, generous living spaces, and multiple areas designed for gathering and relaxing. The main living room features a beautiful stone fireplace and flows seamlessly into the kitchen. The kitchen is equipped with a large island, marble countertops, stainless steel appliances, a single-stage water filtration system, and a separate marble cutting board that conveys with the home. Additional everyday upgrades include a water softener, dual water heaters, washer and dryer, and a 75-inch smart TV in the living room. Upstairs, the home continues to impress with a spacious loft, secondary family room, and a dedicated media room designed for a true theater experience. The media room includes theater furniture, an 11.2 surround sound system with a Yamaha 4K receiver, an Epson Pro Cinema 4K-Pro UHD projector, a customized PlayStation 5, Hue lighting, and a popcorn machine. The home also features a separate entertainment/bar area with a 65-inch smart TV and a 5.1 sound system powered by a Marantz 4K receiver. Downstairs, an 8-foot Brunswick pool table with a tabletop cover, Simonis 860 Tournament Blue cloth, Predator Arcos pool balls, and house cues also conveys, making this home ideal for entertaining. Smart home and technology features include Hue lighting in select areas, Google Nest Protect smart smoke and carbon monoxide detectors, a doorbell camera, exterior cameras, interior cameras, and a Tesla home charger. Additional electrical upgrades include a whole-home surge protector, upgraded home electrical, a dedicated garage sub-panel for workspace outlets, and a 220-volt outlet ready for a welder or other high-powered equipment. Flooring throughout includes wood flooring, tile, and luxury vinyl plank for a stylish, durable, and low-maintenance finish. The spacious primary suite includes a beautifully designed walk-in closet with custom shelving for elevated organization. With its gated community location, extensive included furnishings and electronics, upgraded electrical features, smart home technology, and exceptional entertainment spaces, this home offers a rare move-in-ready opportunity in one of San Antonio's desirable Alamo Ranch communities.
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.
