Some homes check the boxes. Others make you start planning your first pool party before you've even finished the tour. Welcome to a beautifully designed home situated on approximately half an acre in one of Schertz's most convenient and rapidly growing locations. With over-the-top outdoor living, a thoughtfully designed floor plan, and custom upgrades throughout, this is a home that truly knows how to make an impression. As you step inside, you're greeted by a spacious open-concept design where the kitchen, dining, and living areas come together effortlessly. The living room serves as the heart of the home, featuring elegant tray ceilings, a cozy fireplace, and plenty of room for gathering with family and friends. Just beyond, the kitchen was built for both entertaining and everyday life, offering abundant cabinetry, expansive countertops, a walk-in pantry, and enough space to keep everyone connected whether you're hosting holidays or enjoying a quiet evening at home. The split-bedroom layout creates privacy where it matters most. Tucked away from the secondary bedrooms, the primary suite offers a peaceful retreat at the end of the day. One of the standout features is the incredible custom closet space. During construction, the homeowners made the unique decision to convert what would have been the formal dining room into an extension of the primary closet, creating an impressive dressing and storage area. Combined with a second primary closet, both professionally customized by Closet Connection, you'll have closet space that most homeowners only dream about. The secondary bedroom arrangement is equally impressive. One bedroom features its own private bathroom and walk-in closet, making it perfect for guests or multi-generational living, while two additional bedrooms share a convenient Jack-and-Jill bathroom setup. Upstairs, you'll find additional flexible living space ideal for a game room, media room, playroom, home gym, or whatever fits your lifestyle best. Comfort is enhanced year-round thanks to two separate HVAC systems, with one serving the main level and another dedicated to the upstairs living space. Then there's the backyard. This is where 7118 Delaine Park truly shines. Built by Alamo Pool Builders in 2020, the custom pool was designed to bring resort-style living home. Measuring approximately 30 feet by 17 feet with depths ranging from 3 to 5.5 feet, the pool features beautiful waterfalls, accent lighting, and plenty of room to cool off during long Texas summers. Surrounding the pool is textured color-sealed decking specifically designed to stay cooler underfoot, making barefoot walks far more comfortable even on sunny afternoons. The covered patio was designed with relaxation in mind and features remote-controlled electric privacy screens that allow you to customize the space however you'd like. Lower the left side, right side, center section, or all screens at once with the push of a button to create the perfect combination of shade, privacy, and comfort. With a fully fenced backyard, plenty of room to spread out, three full bathrooms, two half baths, and an abundance of indoor and outdoor living space, this property offers the kind of flexibility today's buyers are searching for. And when it comes to location, it's hard to beat. Conveniently located near Randolph Air Force Base with quick access to Interstate 10 and Loop 1604, you're positioned in the heart of one of the fastest-growing areas in the region. A brand-new H-E-B is already under construction nearby, adding even more convenience and value to an area that continues to attract attention. Homes with this combination of space, upgrades, outdoor living, and location don't come around often. The only thing missing is the next family ready to make memories here.
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.
