OPEN HOUSE Sat 3/7 12-2:30- SUN 3/8 12-3. Fully updated, move-in ready, and located in a gated community! Located in the highly sought-after gated community of Villas at Spring Creek in San Antonio this beautifully updated 4-bedroom, 2-bath residence offers almost 2,100 square feet of thoughtfully designed living space and is completely turn-key and move-in ready. Step inside to discover a bright, refreshed interior featuring new recessed lighting with dual-switch functionality, allowing you to set the perfect ambiance whether you prefer full illumination or a relaxing ceiling-fan setting. The home has been freshly painted throughout, creating a clean and modern aesthetic that complements any design style you may have. The kitchen was designed to be both functional and inviting. Showcasing 16" x 16" ceramic tile flooring in all wet areas, new timeless quartz countertops, this space offers plenty of room for meal preparation, entertaining, and everyday living. A kitchen island provides additional prep space and seating-perfect for gathering with family or guests while cooking. Don't forget the dedicated study nook, creating the ideal spot for working from home, homework time, or managing daily tasks while still staying connected to the main living area. New appliances complete the kitchen, delivering both efficiency and modern convenience. The primary suite is huge and designed for comfort, offering the perfect retreat at the end of the day. The spa-like primary bathroom features a separate soaking tub and walk-in shower , a double vanity sink with quarts countertops and his & hers closets providing plenty of closet storage and personal space. Major exterior improvements provide peace of mind for years to come, including a roof replaced in 2025, a new privacy fence and retaining wall, a foundation warranty provided to the next owner and an HVAC system that was regularly serviced. Situated in the highly acclaimed Northeast ISD, this home is zoned to Madison High School and offers convenient access to shopping, dining, major highways, and everything San Antonio has to offer. Homes in this prime location within a gated community rarely stay on the market for long. Schedule your private tour today and experience all that 5607 Spring Quail has to offer.
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.
