Spacious 4-Bedroom 3 Bath Home with Loft in Republic Oaks - SE San Antonio. This beautifully maintained two-story home offers nearly 2,500 sq. ft. of thoughtfully designed living space-room for everyone. Situated on a quiet cul-de-sac with mature trees in the established Republic Oaks community, this home combines comfort, style, and convenience. The main level features three bedrooms, including a generous primary suite, while the second floor offers a private fourth bedroom, full bath, and loft-ideal for guests, a home office, or flex space. A striking wrought iron staircase welcomes you in the entryway and leads to the upstairs retreat. Inside, you'll find soaring ceilings, a neutral color palette, and abundant natural light throughout. The open-concept layout is enhanced by rounded archways and durable hard-surface flooring-updated laminate and ceramic tile with no carpet anywhere. The island kitchen is a standout, featuring stainless steel appliances, granite countertops, tile backsplash, rich cabinetry, and a stylish tray ceiling. A cozy breakfast nook overlooks the backyard. The spacious primary suite includes tray ceilings and an en-suite bath with double vanities, a garden tub, separate shower, and a large walk-in closet. Additional highlights include energy-efficient ceiling fans throughout, recently updated/serviced HVAC system, water heater replaced within the past two years, 2-car garage with 240V Level 2 outlet for fast EV charging. Step outside to enjoy a covered back porch and a privacy-fenced yard-perfect for relaxing or entertainingConveniently located near the intersection of SE Military Dr and S WW White Rd, this property offers easy access to Loop 410 and IH-37, making commuting a breeze. Enjoy being just minutes from Brooks City Base, downtown San Antonio, Republic Golf Course, and a wide variety of shopping and dining options as well as the future site of Arboretum San Antonio. Plus, the home is situated less than 2 miles from the newly opened Salado Creek Elementary School. The neighborhood features tree-lined streets and an active community atmosphere.
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.
