12427 La Albada St, San Antonio, TX 78233
4 beds · 2 baths · 1,878 sqft sqft
Welcome to this inviting 1-story home in the community of El Dorado, where ample space meets modern convenience. This residence offers four well-appointed bedrooms and two full baths. Step into the spacious living room, ideal for relaxation and entertainment. Adjacent to the living room, the open dining area features a cozy fireplace, creating a warm and welcoming atmosphere for meals and gatherings. The home also includes a versatile bonus room off the primary bedroom, perfect for an exercise space, home office, or a quiet sitting room. The sunroom, located just off the kitchen, serves as a delightful bonus space, offering tranquil views of the backyard-a perfect spot for morning coffee or unwinding after a long day.This home is equipped with modern smart lighting, with most fixtures featuring LED lights that can be controlled via Google or Amazon AI assistants. In the common areas, lighting is conveniently managed through voice commands using Amazon Alexa. Additionally, the power outlets in these spaces are designed with USB connections, ensuring you stay connected and powered up. The backyard boasts a patio, sprawling and a handy storage sheds. You will find an amazing array of trees on the property including fig, pomegranate, and olive, and garden strawberry and mint. The home has a brand new roof and gutters, recently installed. For those interested in community amenities, a voluntary HOA offers access to a swimming pool and clubhouse, adding extra value to this already charming home. Book your personal tour today!
Source: SABOR #1799203
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1799203
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: #1799203
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.