Five bedrooms * Primary on first floor * Private office * VA assumable loan with 4.25% interest rate * Near Lackland AFB* Located in the Silos community, 6910 Arid Way is a two story home offering five bedrooms, three and one half bathrooms, a private office, and a game room. The main living areas feature vinyl plank flooring, recessed lighting, and an open layout designed for functional daily use and flexibility. The kitchen includes an oversized center island, granite countertops, updated appliances, gas cooking, and a refrigerator that conveys. The kitchen opens directly to the dining area and living room, creating clear sightlines and an efficient flow between spaces. Bar seating at the island provides additional seating and prep space. The primary bedroom is located on the first floor and includes a full bathroom with double vanity, walk in closet, and stall shower. A dedicated private office is also located on the main level, positioned away from the primary living areas for separation and productivity. Upstairs includes four additional bedrooms, a game room, and two full bathrooms, providing multiple options for guest rooms, hobby rooms, or additional work areas. The second level layout offers separation between sleeping spaces and common areas. Outdoor features include a covered patio, privacy fenced backyard, sprinkler system, and space for seating or outdoor use. Additional home features include a tankless water heater, water softener, faux wood blinds, and added window screens. The Silos community offers amenities that include a pool, fitness center, playground, trails, and a farmhouse style amenity center designed for gatherings and events. This home includes a VA assumable loan with an interest rate of 4.25 %, subject to lender approval and substitution of VA entitlement. The location offers convenient access to major corridors including Potranco Road, Loop 1604, and Highway 90. Lackland Air Force Base is approximately 10 to 12 miles away. Nearby retail, grocery, and dining options are located along the Potranco Road corridor. A 3D tour and interactive floor plan are available for detailed viewing.
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.
