12808 Tower Brg, San Antonio, TX 78253
2 beds · 3 baths · 2,834 sqft
Your ideal retirement oasis awaits! And for VA buyers with COE, a 2.125 % interest rate could be yours to assume on the remaining note. Nestled within the esteemed Del Webb 55+ retirement community of Hill Country Retreat, 12808 Tower Bridge beckons you to a life of tranquil and upgraded luxury. This meticulously crafted 2-bedroom, 2.5-bath sanctuary has been thoughtfully enhanced to cater to your every need. Upon entering, you'll immediately notice the extensive upgrades that grace this home. Inside, you'll experience a heightened sense of space with high ceilings, 8-foot doors, and tiled flooring throughout. It includes a dedicated office, sunroom, and eat-in kitchen with an island. The kitchen is a dream for culinary enthusiasts, which can accommodate either a gas or electric cook top. Boasts double ovens, separate microwave, and oversized pantry. The large primary bedroom boasts a trayed ceiling with ceiling fan, leading to the primary bathroom. This bath is designed with accessibility in mind, featuring a roll-in shower stall and double vanities which make daily routines effortless. All closets in the home have been upgraded with custom cabinetry for both style and convenience. The second bedroom includes an en suite bathroom with tile surround shower - perfect for hosting family and guests. The laundry room has also been upgraded with additional cabinetry and countertops. From extra attic insulation, whole-yard sprinkler system, gas fireplace, water softener, security system, to in-wall pest control, every aspect of this home has been meticulously curated for comfort and convenience. Outdoor living takes on a whole new dimension with a greenbelt to the east of the property, enjoy your screened-in porch, complete with retractable sunshades, offering the perfect spot for morning coffee or evening relaxation. The upgraded entry way of the home also includes an outdoor seating area and a privacy wall. The expansive three-car tandem garage not only accommodates your vehicles but also offers plenty of storage space. A dedicated golf cart garage is perfect for your leisurely rides, outfitted with the convenience of a 220-volt plug ready for your EV. Hill Country Retreat offers an extensive amenity center, including a clubhouse, both indoor and outdoor pools, jacuzzi, indoor track, weight room, game room, library, pickleball courts, horseshoes, and much more. The jogging and bike trails are integrated throughout the community for easy access and enjoyment of the natural surroundings of the Texas Hill Country. An exceptional retirement lifestyle that blends comfort, convenience, and elegance, all within Hill Country Retreat.
Source: SABOR #1833985
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: SABOR #1833985
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.