This beautifully updated property is perfectly situated in a well-established, tree-lined neighborhood with easy access to I-10 and Loop 1604. Enjoy the best of both worlds-peaceful residential living just minutes from major employers and amenities, including the Medical Center, USAA, Valero, UTSA, top-rated NISD schools, dining, and shopping. Inside, you're greeted by soaring 25-foot ceilings in the spacious living room, creating an open and airy feel. The home features a flexible floor plan designed to adapt to your lifestyle-ideal for growing families, remote work, or multi-use living spaces. The main living areas are outfitted with stylish wood-look ceramic tile flooring, combining durability with a warm, modern aesthetic. The kitchen is a chef's delight, featuring granite countertops, updated stainless steel appliances, ample cabinet space, and a layout perfect for entertaining or casual dining. The open-concept design allows easy flow from the kitchen to the living and dining areas. Additional updates include a new HVAC system installed in 2024, ensuring comfort and energy efficiency year-round. The finished garage offers a pristine epoxy floor, additional storage, and dedicated shop space-perfect for hobbies, home projects, or a fitness area. Step outside to a generously sized backyard with endless potential. There's ample room to install a pool, create an outdoor kitchen, or expand your garden. A large patio offers the perfect spot for gatherings, barbecues, or relaxing under the stars. The sprinkler system keeps your lawn and garden thriving with ease. The roof was replaced in 2016, adding long-term value and peace of mind. Every detail of this home has been lovingly maintained and thoughtfully upgraded. Whether you're looking for location, space, or quality upgrades, this home checks all the boxes. Don't miss this rare opportunity to own a move-in-ready gem in one of San Antonio's most convenient and established neighborhoods.
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.
