11850 DOVE RNCH, San Antonio, TX 78254
Welcome to your Northwest San Antonio dream home! Nestled on a charming corner lot, this magnificent 5 bedroom, 3 full bath home offers abundant living space with upgrades throughout! A cozy study, ideal for remote work or quiet reading sessions can be closed off from the spacious main living space. Enjoy the extra height of 9-foot ceilings, recently updated luxury vinyl plank flooring downstairs leading to a gourmet kitchen complete with a sizable island, extended cabinets, modern appliances, and granite countertops providing ample space for entertaining. Fridge and TV convey with the home. Upstairs, you'll find four of the five total bedrooms, offering plenty of space for family and guests. The property is equipped with a full Vivint security system with cameras surrounding the house, as well as a Ring doorbell camera system. The home includes a recently installed water softener system. Outside, the extended driveway provides ample parking space for vehicles, while a pest control system ensures a pest-free environment. Enjoy the covered patio with privacy of a backyard greenbelt and no rear neighbors! New outdoor HVAC unit (replaced May 2024) and a recently replaced water heater, ensure comfort and efficiency year-round. Schedule a viewing today!
You may be able to put down less than the total down payment amount of $180,380 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: #1780036