1126 Center St, San Antonio, TX 78202
3 beds · 2 baths · 1,738 sqft sqft
Seller is offering 2% towards buyer closing costs or a rate buy-down. Use Preferred Lender Michelle Dominguez NMLS# 1929909 Semper Home Loans to receive an additional 1% credit, totaling up to 3% in incentives! Welcome to this contemporary single-story home, a perfect blend of modern design and comfort. Built in 2022, this stunning residence offers 1,738 sqft of living space, featuring three spacious bedrooms, two bathrooms and a spacious two car driveway, providing ample parking for two vehicles. Step inside and be greeted by high ceilings and an open-concept kitchen area, a chef's delight, showcasing white custom cabinets, granite countertops, and stainless steel appliances. The dining area flows into the cozy sunroom with bay windows, allowing natural light to flood the space. The primary suite is a true retreat with bay windows, a sitting area, and a large walk-in closet. The en-suite bathroom features a dual vanity sink and a marble stand-up shower with accent-colored marble walls. The secondary bedrooms are generously sized, providing ample space for family or guests. Step outside to your very own backyard oasis. complete with a covered patio, adorned by string lights. Enjoy the screened pavilion, fire pit area, and BBQ area - perfect for evening relaxation and entertaining. Located in a quiet neighborhood just minutes from St. Paul Square and The Espee, this home offers close proximity to downtown San Antonio, popular restaurants, highway access, and Fort Sam. Experience the best of modern living.
Source: SABOR #1788725
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1788725
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #1788725
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.