Beautifully Updated 3-Bedroom, 2-Bath Home with Private Courtyard & Expansive Backyard Oasis. Discover this charming and meticulously maintained 3-bedroom, 2-full-bath home in San Antonio, where thoughtful updates and inviting outdoor spaces create the perfect blend of comfort and lifestyle. The courtyard-style front porch offers added privacy and curb appeal, enhanced by striking double front doors. Recent exterior updates-including a fresh coat of paint on the entire home and newly added gutters on both the front and back-ensure lasting beauty and protection. Inside, soaring high vaulted beamed ceilings create an open, airy atmosphere. A handsome brick feature wall with gas log fireplace serves as the focal point of the living area, complemented by durable wood-look tile plank flooring. The kitchen is a standout, boasting marble countertops, a matching tile backsplash with elegant accents, and a seamless open-concept flow into the living space. Bar-height counters provide casual seating, while the bright kitchen nook with windows on three sides bathes the area in natural light-ideal for everyday living and entertaining. Step outside through the back door to your private retreat: a spacious 12' x 10' pergola-covered Trex composite deck patio with an adjacent 10' x 10' slab. Enjoy views of the lush, landscaped yard dotted with mature trees, bordering a scenic greenbelt with walking trails. The immense backyard features a convenient private entrance gate for easy access to the walking trail. The primary suite impresses with high vaulted beamed ceilings, dual sinks, a large walk-in closet, and a luxurious walk-in shower complete with a seat and built-in shelf. Generous guest bedrooms include one with custom wainscoting for added character. Throughout the home, you'll appreciate the tasteful, elegant updates to tile work, countertops, bathrooms, and kitchen completed over the years. This move-in-ready gem combines modern updates, privacy, and outstanding outdoor living. Seller Note: A seller leaseback until approximately December is preferred to allow for a smooth transition. Don't miss your opportunity-schedule a showing today!
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.
