11731 Pandorea, San Antonio, TX 78253
4 beds · 4 baths · 2,943 sqft sqft
OPEN HOUSE, SUNDAY 9/29, 11AM-2PM! Welcome to your dream home in the sought-after Alamo Ranch community, with an ASSUMABLE MORTGAGE, 3.75 interest rate! This stunning 2-story residence offers an abundance of space, comfort, and luxury living. As you step inside, you're greeted by a beautiful entryway that sets the tone for the elegance found throughout the home. The main floor features a spacious primary bedroom suite, with a large walk-in closet and dual vanities in the luxurious primary bathroom. Enjoy the convenience of a half bath for guests, as well. Entertain guests in the formal living room and host elegant dinners in the formal dining room. The heart of the home lies in the vaulted 2-story ceilings of the family room, creating an impressive space for gatherings. The adjacent eat-in kitchen boasts granite countertops, dual eating areas, and a large walk-in pantry/laundry room combo for added convenience. Upstairs, discover a versatile loft area, perfect for a home office or playroom. Three additional bedrooms and two full bathrooms offer ample space for family and guests. The over-sized game room/media room provides endless entertainment possibilities. Outside, relax and unwind on the covered back patio, surrounded by a privacy fence and beautiful, easy-to-maintain landscaping. The leveled lot and gated community ensure privacy and security, while the proximity to Culebra and 1604 offers easy highway access for commuters. **Within the last 2 years, the owners installed a brand-new fence, providing both privacy and security for you and your loved ones. Rest easy knowing your home is protected by a state-of-the-art security system, offering peace of mind and added reassurance. Enhanced lighting throughout the house adds a touch of sophistication and ambiance to every room, creating an inviting atmosphere for family gatherings and entertaining guests. Not stopping there, this home also boasts a new roof, ensuring longevity and durability for years to come. Say goodbye to worries about maintenance and hello to worry-free living in this meticulously cared-for residence**. Additional features include a gas fireplace, 2-car garage, and the option to negotiate appliances and furniture, making this home truly move-in ready. Don't miss out on the opportunity to own this exquisite property with stunning curb appeal and luxurious amenities. Schedule your showing today!
Source: SABOR #1762930
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1762930
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: #1762930
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.