Welcome to this stunning home in the highly desirable Alamo Ranch community! Built in 2019, this beautifully designed 4-bedroom, 3.5-bath residence offers an exceptional blend of modern elegance, comfort, and functionality. Step inside to soaring ceilings and an inviting open-concept floor plan filled with abundant natural light. Just off the entry, you'll find a private study that's ideal for working from home, a home library, or a quiet retreat. The spacious living room which includes the 75" TV to stay, flows seamlessly into the gourmet kitchen, creating the perfect space for entertaining family and friends. The chef-inspired kitchen is appointed with gorgeous granite countertops, 42-inch cabinetry offering generous storage, stainless steel appliances, a gas cooktop, refrigerator, and a large walk-in pantry that makes organization effortless. Whether you're preparing everyday meals or hosting gatherings, this kitchen is designed to impress. The purchase will include the dishwasher, microwave, stove and refrigerator currently in the home, saving the buyers money! The private primary suite serves as a peaceful retreat, featuring beautiful bay windows that fill the room with natural light. The luxurious ensuite bath boasts separate his-and-her vanities, a relaxing garden tub, a spacious walk-in shower, and an oversized walk-in closet. Upstairs, you'll discover three generously sized secondary bedrooms, two full bathrooms, a versatile game room, and a dedicated media room-providing plenty of space for recreation, movie nights, or entertaining guests. To complete the media room experience, the 100" TV and complete surround sound system will convey. Outside, enjoy a covered patio overlooking the backyard, perfect for outdoor dining, weekend barbecues, or simply relaxing after a long day. A full-yard irrigation system helps keep the landscaping lush and beautiful with minimal maintenance. With its thoughtfully designed layout, premium finishes, and outstanding location in the sought-after Alamo Ranch community, this exceptional home is ready to welcome its next owners.
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.
