1603 Oak Willow Dr, San Antonio, TX 78245
4 beds · 3 baths · 3,110 sqft sqft
A stunning New Leaf home built in 2020 and upgraded to perfection. This spacious 3,100 sqft home offers 4 bedrooms, 3 full bathrooms, an office, a theater room, a formal dining room, and a generous living area. Nestled in the desirable Arcadia Ridge community, this home sits on a quiet cul-de-sac and features an expansive backyard. The exterior showcases a beautiful blend of brick and stone, complemented by a grand entryway and well-maintained landscaping. Step inside to a long entryway with soaring 14-foot ceilings and elegant 18-inch ceramic tile, leading you into an open-concept living, dining, and dream kitchen area. This stunning kitchen is equipped with 42" espresso cabinetry, granite countertops, a custom backsplash, stainless steel appliances with a separate cooktop, recessed lighting, an undermount sink, coffee station, and a large island with breakfast bar seating and pendant lighting. The kitchen flows into the spacious living area, where large windows invite an abundance of natural light. The room's high ceilings and built-in surround sound create the perfect setting for family gatherings and entertaining. Adjacent to the living room, the theater room offers a cozy space for movie nights or could serve as a playroom for kids. The primary suite is a true retreat, featuring an oversized walk-in closet and a luxurious en-suite bathroom. The primary bath is complete with a dual vanity with marble countertops, espresso cabinetry, a large mirror, makeup station, garden tub, and a breathtaking 10-foot-wide walk-in shower with a shower bench and dual shower heads. The three additional bedrooms provide comfort and style with large closets, ceiling fans, and 10-foot ceilings. The additional bathrooms are equipped with 30-inch espresso vanities, tub/shower combos, and stainless steel finishes. Step outside to enjoy an oversized covered patio and ample yard space, complete with a full irrigation system and an additional grilling patio. The Arcadia Ridge neighborhood offers exceptional amenities, including a playground, walking trails, a lagoon-style pool, and a recreation center. Plus, Wernli Elementary is just a short walk away. Make this beautiful home yours today!
Source: SABOR #1820578
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1820578
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: #1820578
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.