11902 Silver Horse, San Antonio, TX 78254
4 beds · 3 baths · sqft
Discover your dream home with this charming 4 bedroom, 2.5 bathroom gem! This welcoming and beautiful home comes with fully paid solar panels--enjoy instant energy savings! Home features include upgraded kitchen countertops, an upgraded glasstop stove (installed in early 2024), luxury vinyl plank flooring throughout the downstairs and brand new carpet upstairs (carpet replaced 19 Nov 2024). The open kitchen allows for easy interaction with family and guests while preparing your favorite meals or entertaining. The refrigerator conveys with the home. The study/office at the front of the house allows for some separation and is convenient for working from home. The large game room upstairs provides plenty of space for everyone in the family to spread out. The master suite is downstairs with a bathroom that features a separate garden tub and shower and a large closet with custom wooden shelves. Step outside onto the extended covered patio, perfect for enjoying morning coffee or evening relaxation as well as entertaining. The finished garage features epoxy flooring, a water softener and built-in storage shelves for easy and convenient storage of seasonal items. Conveniently located just a few minutes away from Kay Franklin Elementary and Evelyn Scarborough Elementary Schools as well as nearby middle and high schools with easy access to Loop 1604 and HWY 151, shopping, restaurants, Seaworld and more. This spacious, immaculate, move-in ready and energy saving home is ready for its new owners!
Source: SABOR #1825155
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1825155
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: #1825155
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.