Welcome to 9711 Spruce Ridge Dr, a beautifully refreshed single-story home in the established Miller's Point community of Converse. With 3 bedrooms, 2 bathrooms, and nearly 2,000 square feet of living space, this home offers a comfortable layout with the kind of updates buyers love, without losing that warm, settled-neighborhood feel. Inside, you'll find a bright and open living area with wood-look flooring, neutral paint tones, and a cozy fireplace with an updated surround that gives the space a clean, modern touch. The layout flows easily into the dining area and kitchen, making everyday living and entertaining feel simple. The kitchen features granite countertops, white cabinetry, stainless steel appliances, a stylish backsplash, and a breakfast bar that is perfect for quick meals, homework, or pretending you are only having "one more" cup of coffee. The spacious primary suite offers plenty of room to relax, while the secondary bedrooms provide flexibility for guests, kids, a home office, or hobby space. The bathrooms have an updated feel, and the home's flooring throughout the main areas helps keep the look cohesive and easy to maintain. Outside, the home sits on an established lot with mature trees, a 2-car garage, and inviting curb appeal. The location is a major plus, with convenient access to Randolph AFB, JBSA, Loop 1604, I-10, shopping, dining, and nearby San Antonio attractions. Miller's Point is known for its approachable neighborhood feel, making this a great option for buyers looking for comfort, convenience, and value on the northeast side of San Antonio. If you're looking for an updated home with space, character, and a location that keeps you connected to the city without feeling right in the middle of the chaos, this one is worth a look. Schedule your showing today before another buyer decides this is "the one" and ruins your day.
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.
