Motivated Sellers - Bring Your Offers! Welcome to 915 Mount Perkins, a fantastic opportunity to own a home in a well-established San Antonio neighborhood where convenience meets comfort. The sellers are ready to make a deal, making this the perfect chance for buyers looking to secure value and move quickly. This property offers a great layout with plenty of potential-ideal for first-time buyers, growing families, or investors looking to add to their portfolio. Whether you're envisioning your dream home or a smart investment, this property delivers flexibility and opportunity. Prime Location - Everything Within Reach (2-Mile Radius): Living here means you're never far from what matters most: * Schools: Convenient access to nearby schools within the Northside Independent School District, making daily routines easier for families. * Entertainment & Shopping: Just minutes from North Park & Ingram Park Mall and a variety of restaurants, retail, and entertainment options to fit any lifestyle. * Outdoor & Recreation: Close proximity to Cathedral Rock Park offers green space, walking trails, and room to unwind. * Easy Commuting: Quick access to major highways like Loop 410 and Highway 151 makes getting around the city simple and efficient. Why You'll Love This Home: This property stands out because it offers the rare combination of location, value, and potential. With motivated sellers, you have the advantage of negotiating a great deal in a market where opportunities like this don't last long. Whether you want a place or an investment with upside, 915 Mount Perkins checks the boxes. Don't miss your chance to turn this property into something special-schedule your showing and bring your offer 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.
