1145 W Summit Ave, San Antonio, TX 78201
4 beds · 2 baths · 2,050 sqft sqft
Located in the highly desirable Beacon Hill neighborhood, this charming property offers the perfect balance of modern living and classic appeal, all just minutes from the heart of downtown San Antonio. With easy access to top dining, shopping, and cultural attractions, you'll be perfectly positioned to enjoy everything the city has to offer while residing in a quiet, historic neighborhood. The main home is a cozy 2-bedroom, 1-bathroom residence, featuring an additional office space that's ideal for remote work or a home study. The open-concept living area flows seamlessly into the kitchen, and the entire home benefits from central air, ensuring year-round comfort. Separate electric meters provide added flexibility, making it easy to manage utilities for both the main home and the rear unit. At the back of the property, you'll find a spacious Mother-In-Law Suite-a fully functional 2-bedroom, 1-bathroom with its own private entrance. Perfect for guests, extended family, or potential rental income, this separate living space offers plenty of room to spread out. The suite includes its own central air system, ensuring comfort throughout the year, and features a large storage shed in the expansive backyard. The huge lot offers endless possibilities for outdoor enjoyment, gardening, or future expansion, while the backyard provides plenty of space for pets, kids, or entertaining. Whether you're looking for a home with a private guest suite, an income-generating rental, or simply additional living space for family, this property checks all the boxes. With its prime location near downtown and its flexible layout, this home is truly a rare find in San Antonio's sought-after Beacon Hill. Don't miss the opportunity to own a piece of this vibrant, growing neighborhood with exceptional potential for both personal use and investment.
Source: SABOR #1822108
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1822108
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: #1822108
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.