Discover comfort, style, and peace of mind in this well maintained 1,674 sq ft home. NO HOA, neighborhood-friendly. With 3 bedrooms, 2 full baths, and freshly painted double garage with extra storage, this property offers the perfect blend of functionality and charm. 3 miles from Randolph AFB, a 15-minute drive to Ft Sam Houston, and less than 15 minutes to the Forum Mall. Easy access to 1604 and 35 N or S. New two-inch faux wood blinds throughout for privacy and efficiency. Termite treated (as a precaution) with proof inside the kitchen cabinet. 14 INCHES OF BLOWN IN THE INSTALLATION Interior Features: Central Air & Heat units just 4 years old. Remodeled Master Bath: Features a sleek sliding glass barn door for a touch of luxury. Fresh Interior Paint & Crown Molding: Adds elegance and warmth throughout. Plenty of room for storage and organization. Triple-Hung Windows: Energy-efficient, with 4 still under a 10-year warranty. Full-View front storm door w/privacy film to reduce temperature Enclosed Back Porch: Versatile space with double French doors-ideal for a family room, workout area, or kids' playroom. Kitchen Amenities: The cooktop is less than 2 years old, Newly replace vinyl floors Ice maker water line installed Exterior & Structural Highlights: Exterior Paint: Fresh and clean, completed just 5 years ago. Roof: Only 5 years old for added peace of mind. Gas-Powered 50-Gallon Water Heater: Installed 4 years ago. Foundation Warranty: Transferable and completed in November 2023. Sprinkler System: Keeps the lawn lush and green front and back. Mature Oak Tree: Provides shade and curb appeal. Huge Backyard: Includes a 12' gate with rear alley access-perfect for trailers, gardening, or outdoor entertaining. On the property, it has a 10x12 insulated storage shed. This home is move-in ready. Whether you're relaxing in the enclosed porch, or enjoying the shaded backyard, this property offers something for everyone. Don't miss out-schedule your private tour today and experience the charm of what could be your next home on this corner lot!
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.
