12203 Saddle Up Dr, San Antonio, TX 78254
4 beds · 4 baths · 2,994 sqft sqft
OPEN HOUSE 11/16/2024 (12:30 p.m. - 3 p.m.) SELLERS OFFERING UP TO $10,000 TOWARDS 3-2-1 RATE BUY-DOWN/CLOSING COSTS. Sellers shall pay off Solar System Financing at Closing. Electric Bill is less than $20 per month. Don't miss out on touring this impressive Palomar floorplan by David Weekley Homes! This expansive two-story residence features 4 bedrooms, 3.5 bathrooms, and 2994 sqft of living space, nestled on a corner lot with no rear neighbors to share a fence with. Prospective buyers will need to assume the lease payments for the Solar Panels. Inside, discover an open floor plan with tiled flooring throughout the first floor and stylish 5-inch baseboards. A welcoming office/study area awaits as you enter. The kitchen boasts granite countertops, shaker cabinets, and stainless-steel appliances, with a spacious walk-in pantry and farmhouse sink. The living room boasts soaring 30-foot ceilings, motorized window shades on the upper level, and a gas fireplace with a stylish shiplap wall accent creates an inviting focal point in this living space. Additional features include a two-car garage with an extended storage area and a mudroom connecting to the garage. The staircase showcases metal spindles, while bathroom vanities are adorned with customized framing. Outside, the front porch boasts custom railing and the front yard features custom brick and concrete work surrounding trees and floral beds, alongside 6-inch gutters. The backyard is equipped with a gas connection for a BBQ grill and a zoned sprinkler system covering both the front and back. The property includes an owned water softener. This well-designed home offers all the desired upgrades without the premium of a new build and includes an extended and screened-in covered porch. Conveniently located within walking distance to Tomlinson Elementary and Folks Middle School, and just 2 miles from the brand-new Sotomayor High School. The community offers frequent events and is close to Government Canyon State Park, Sea World, Six Flags Fiesta, and various shopping areas. See Additional Documents for CPS Bills.
Source: SABOR #1813971
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1813971
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: #1813971
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.