13767 Red Rock Run, San Antonio, TX 78254
3 beds · 3 baths · 1,625 sqft sqft
House listing Gorgeous 2 story home with spacious backyard that overlooks Government Canyon State Park. With unobstructed views, you can see for miles out the 2nd floor windows. Located in a quiet, family friendly neighborhood, this 2 year old home also comes with many upgrades that most houses in the area do not come standard with. The kitchen has been completely renovated with upgrades that include brand new quartz countertops, a stainless steal deep basin sink with matching faucet, large upper cabinets, modern backsplash, fully vented stainless range hood and so much more! In addition, two of the three bathrooms have had upgrades with brand new, modern vanity's and faucets as well as upgraded lighting and hardware. The original owners removed many of the standard builder grade finishes to give the house a more custom feel. The downstairs closet was expanded for additional deep storage. The garage comes with a beautiful and sturdy epoxy-coated floor. The open living floor plan downstairs is a great place for entertaining and the private loft space upstairs makes the perfect playroom or even an office. The house comes with all appliances, including a fridge, microwave, washer, and dryer. HOA offers a beautiful community center with pools, playgrounds, courts, a gym and a freshly stocked finishing pond. This house is ready for a new owner to enjoy its classic and homey feel. *A qualified buyer can assume the 4.625% VA loan!*
Source: SABOR #1799306
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1799306
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: #1799306
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