19 INWOOD MNR, San Antonio, TX 78248
Don't miss this opportunity. This stunning 5-bedroom, 3.5-bathroom home, is in the heart of a secure, guard-gated community. The exterior is graced with mature trees, providing shade and exceptional curb appeal. A private back 2-car garage, accessible via an extended driveway, ensures ample parking and convenience. A spacious office or family room offers the perfect environment for productivity, while to your left, an inviting dining room awaits, ideal for hosting dinner parties and family gatherings. The primary bedroom, conveniently on the main floor, features rich wood flooring and direct access to the serene backyard. The living room is centered around a cozy gas fireplace, perfect for cool evenings and intimate conversation. you'll find beautiful 16X16 Saltillo tile and wood flooring, adding a touch of rustic elegance and timeless charm. Ascend to the second level, where a hallway catwalk provides a striking view of the home's elegant design. With two staircases for easy access, the upper-level features four generously sized bedrooms, each with a walk-in closet. An additional office space upstairs includes built-in shelves, perfect for organization and storage. Abundant attic space offers even more room for your belongings. Step outside to discover your private oasis. The backyard boasts a beautiful private pool and deck, ideal for relaxing and entertaining. Recent upgrades include a new pool pump and filter installed in 2023. The backyard also features a greenhouse and a storage shed, catering to all your gardening and storage needs. Enjoy the natural beauty the greenbelt provides. Essential updates such as AC, and roof ensure peace of mind for years to come. The neighborhood offers an array of amenities, including two lighted tennis courts, a basketball court, an Olympic-sized swimming pool, and scenic walking trails, providing endless opportunities for recreation and relaxation.
You may be able to put down less than the total down payment amount of $203,365 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: #1787154
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.