Open House on Saturday from 11:00-1:00 pm and Sunday from 1:00-4:00 pm. Conveniently located in the highly desirable Sonoma Ranch community in Helotes, just off Loop 1604, this beautiful stone home offers the perfect combination of space, comfort, and convenience. Enjoy easy access to H-E-B, The Rim, La Cantera, premier shopping, dining, and entertainment, all just minutes away. A charming covered front porch welcomes you into this well-maintained home featuring a spacious and functional floor plan. The primary suite is conveniently located on the main level and offers a beautifully updated bath with separate garden tub and shower, updated vanities, and modern mirrors, creating a relaxing retreat. The kitchen is designed for both everyday living and entertaining, featuring updated countertops and recessed lighting, 42-inch cabinetry, and an open-concept layout that flows seamlessly into the breakfast area and family room. The family room is anchored by a beautiful stone fireplace, creating a warm and inviting gathering space. Just off the breakfast nook, you'll find a fully enclosed sunroom, the perfect place to enjoy morning coffee, read a book, or take in views of nature year-round without worrying about insects or the weather. Upstairs offers plenty of room for everyone with an impressive 20' x 27' game room, four spacious secondary bedrooms, and two full bathrooms, including a convenient Jack-and-Jill bath arrangement. Recent updates include professional interior and exterior paint along with LVP in baths upstairs, brand-new carpet upstairs and in the primary bedroom, making this home truly move-in ready. Don't miss this opportunity to own a beautifully updated home in one of Helotes' most sought-after communities. Schedule your 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.
