Experience luxury, comfort, and exceptional convenience in this beautifully updated turn key home ideally located just minutes from I-10, Loop 1604, the Medical Center, UTSA, and The Shops at La Cantera. Thoughtfully renovated and meticulously maintained, this spacious residence offers an impressive blend of elegance, functionality, and modern upgrades throughout. Step inside to discover premium bamboo hardwood and tile flooring, elegant 4-inch baseboards, custom LED lighting, fresh interior and exterior BEHR Ultra paint, and stunning granite countertops. The welcoming open floor plan features formal living and dining spaces highlighted by crown molding, and a beautiful wood staircase that serves as a striking focal point. The spacious family room is designed for both relaxation and entertaining, showcasing a granite fireplace and oversized windows that fill the space with natural light while providing views of the backyard retreat. The kitchen is a chef's delight, complete with a center island, walk-in pantry, granite surfaces, bright LED lighting, and a recently installed dishwasher. The luxurious primary suite is a true private retreat, offering approximately 20' x 24' of living space, dual vanities, two walk-in closets, and a spa-inspired walk-in shower featuring a six-head body spray system, premium fixtures, and a Bluetooth speaker integrated into the lighting. A desirable downstairs mini-suite with a private full bath provides the perfect space for guests, multigenerational living, or a home office. Recent improvements include a complete painting of the interior and exterior of the home with premium BEHR Ultra stain-blocking, antimicrobial, and mildew-resistant paint; replacement of all electrical switches, outlets, ceiling fans, and interior/exterior light fixtures; updated hardware to the entry, rear, and garage doors; extensive restoration of all 29 windows to include new custom built screen frames and screens; a recent full complete servicing of the 5-ton HVAC system to include cleaning of the coils. Outside, you'll find outstanding curb appeal with brand new lush St. Augustine grass and a mature oak tree which provides plenty of shade. The automated front and back yard Rain Bird Irrigation System ensures easy maintenance year-round. The backyard has a brand new sizable wood deck thats perfect for entertaining, relaxing, or just pure enjoyment. The stone-slate pathways with crushed granite accents assist in the normal day to day functionality of the home. An added update is the automatic exterior LED security lighting adding to the home's privacy and appeal. An added feature is that the property backs to a gated private water way with controlled accessibility. Don't miss out on this exceptional home which combines luxury finishes, extensive upgrades, generous living spaces, and an unbeatable location-making it a rare opportunity in one of the area's most desirable locations.
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.
