A RARE GEM from the start, this home welcomes you with comfort and craftsmanship that are impossible to find at this price point. Set in a quiet and welcoming corner of San Antonio, this beautifully cared for 4 bedroom, 2 bathroom property offers warm OPEN LIVING SPACES, mature trees, friendly neighbors, and NO HOA. Current owner is a military member and has meticulously maintained and purposefully updated the many features throughout his stay. Instant curb appeal delights the eye with an inviting exterior, detailed stonework, and well manicured front yard. Inside, the open living and dining is bright and inviting, it's a place that is just as perfect for relaxed mornings as it is for hosting friends and family. The home has been exceptionally maintained with over 40K IN IMPROVEMENTS SINCE 2022, including NEW LUXURY PERGO FLOORING in all bedrooms, modern COMPLETE BATHROOM REMODELS, and NEW ENERGY EFFICIENT WINDOWS. The attic insulation is upgraded to R38, helping keep ELECTRICITY BILLS UNDER 100 PER MONTH on average and adding to everyday comfort. Additional thoughtful updates include a 2022 WATER SOFTENER, hard wiring for Google FIBER INTERNET, and an owned and monitored ARLO SECURITY SYSTEM. A CHOICE HOME WARRANTY IS INCLUDED through SEPTEMBER OF 2028 for added peace of mind. Outside, a large covered patio opens to a SPACIOUS BACKYARD shaded by mature trees, offering room to unwind, play, and enjoy time with the people who matter most. The COMMUNITY CLUBHOUSE along with basketball and tennis courts are a short walk away, and the clubhouse can be reserved for special events and celebrations. The location provides quick access to major routes, retail, and dining, with an easy commute to downtown and San Antonio International Airport, and it is only about fifteen minutes from Northeast Methodist Hospital. UNMISTAKABLE VALUE, thoughtful care, and a sense of warmth in every corner make this home stand out in a truly special way. Come see this UNICORN for yourself!
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.
