12030 Upton Park, San Antonio, TX 78253
4 beds · 4 baths · 3,754 sqft sqft
ABSOLUTELY THE BEST DEAL IN FRONTERRA!!! Instant 40K EQUITY!!! Former Model Home but lived in less than 3 yrs. This Flagship Floor Plan offers the best of all worlds (size, flow, location & security). Nestled in the highly desirable Fronterra subdivision/NW San Antonio locale is THE home you have been waiting for. As you approach, the first thing you will notice is the curb appeal of this corner lot. But this isn't just any corner lot. It is a corner lot uniquely situated to give ample room for those themed/seasonal house parties (when parking is a premium) as well as close access to the awesome amenities center and pool should you need more space. As the model home, of course it was outfitted with such niceties as custom paint (fresh paint), niches, window treatments, extended decking and a personal favorite - whole-house audio system. The seller also took great care to make the following additional upgrades (garage epoxy floors, water softener/filtration system and 220V outlet in the garage - ready for your EV). But wait there is more. The media room layout is akin to walking into your own private theater with room to allow your own artistic genius/imagination to take flight. Clearly, I could speak to the primary bedroom, secondary bedrooms, bathrooms, oversized loft etc. but why spoil ALL the fun? This is a home that you need to see to appreciate. Schedule your visit soonest!
Source: SABOR #1753957
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1753957
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: #1753957
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.