12311 STABLE WOOD, San Antonio, TX 78249
Welcome to this charming single-story home located in the desirable Oakmont Downs community. Step inside to an inviting open-concept living space, where the kitchen, living room, and dining area seamlessly flow together, creating the perfect environment for daily living and entertaining. The kitchen features an island, ample storage, and generous counter space-ideal for preparing meals and gathering with loved ones. Sunlight fills the home, enhancing its warmth and spaciousness.The primary bedroom boasts an en suite with dual sinks, a soaking tub, and a separate shower for ultimate comfort. The three additional bedrooms are generously sized, making this home perfect for families or hosting guests. The backyard is an oasis, offering the perfect setting for al fresco dining, relaxation, or simply enjoying the peaceful surroundings. Situated in a prime location, this home provides quick access to parks, schools, shopping, and dining. Easy connections to IH-10 and Hwy 1604 put you minutes away from Costco, SAM's Club, Valero Energy, UTSA, The Rim, and La Cantera. Don't miss the opportunity to make this your next home! Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
You may be able to put down less than the total down payment amount of $32,765 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: #1808009