1006 CENTER ST, San Antonio, TX 78202
OPEN HOUSES THIS WEEKEND 09/14 & 09/15 from 11:00 AM to 3:00 PM!! Welcome to 1006 N Center St in San Antonio, TX-a truly unique property just minutes from Downtown San Antonio. This expansive double lot features two beautifully renovated homes, providing both versatility and modern luxury. The main house, encompassing 950 sq. ft., offers three bedrooms and two full bathrooms. The kitchen is a standout with its high-end custom cabinetry, quartz countertops, brushed nickel fixtures, and stainless steel appliances. The primary suite includes a luxurious bathroom, gloriously finished with floor-to-ceiling custom tile work and a frameless shower door. The 364 sq. ft. casita, which includes one bedroom and one generously sized bathroom, also features a kitchenette and an indoor utility area, making it perfect for guests or as a rental unit. Both homes are enhanced by covered front porches, ideal for enjoying summer days. Extensive upgrades include new electrical work, plumbing, foundation improvements, a mechanical gate, and significant cement work, including a double-sided extended driveway. Additional benefits of this property include no carpet throughout, no HOA fees, and a scenic view of the Tower of the Americas from the front yard. The prime location offers close proximity to major San Antonio attractions such as the Alamodome, Frost Bank Center, and the River Walk. Y'all will also have quick access to Major Highways 35,37,281, and I10. Don't miss out on this extraordinary chance to home hack! Schedule your visit today to experience all that 1006 Center St has to offer!
You may be able to put down less than the total down payment amount of $12,619 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1807549
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.