10606 Briceway Ace, San Antonio, TX 78254
4 beds · 4 baths · 2,714 sqft
Discover this stunning two-story home in the desirable Bricewood community, featuring 2714 sq ft of space including 4 bedrooms, 3.5 baths, a study, and a game room. The welcoming entry leads you to a sunlit study, ideal for remote work, and a formal dining room that can double as a craft space. The chef's kitchen features a large island, granite counters, stainless steel appliances, extra cabinetry, and a stylish backsplash, complemented by abundant pantry space. The primary suite on the main level includes a sitting area for reading, a luxurious bathroom with a garden tub, separate shower with a bench, and dual vanities. Wood ceramic tile flooring extends throughout the main living areas, enhancing the home's elegant appeal. Upstairs, a versatile loft area offers additional living space. The home is perfect for those working at USAA, the Medical Center, and UTSA, and it's a haven for hikers and nature lovers with close proximity to Government Canyon State Natural Area. Outside, the private backyard provides a peaceful retreat with beautiful trees, ideal for relaxation and gatherings. This home combines modern convenience with sophisticated design, making it a perfect choice for family living and entertaining. Inquire about a 5.25 VA Assumable loan as well!!!
Source: SABOR #1849648
Financials
Source: SABOR #1849648
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.