1910 Cottonwood Way, San Antonio, TX 78253
4 beds · 3 baths · 2,944 sqft sqft
Price drop alert!! Your Dream Home just got more affordable!! Stunning Single-Story open floor plan Ranch Home with 4 bedrooms, 3 full bathrooms, Game Room, Office with French Doors and separate formal dining room with gorgeous, high ceiling, expansive tiled entry hallway in open floor plan concept. Extended entry leads to large family room with ceramic tile floor, a corner cast stone fireplace and a wall of windows. The beautiful built-in kitchen features an island with extended granite countertops and walk in pantry. The Master suite is enlarged with master bath includes garden tub and separate glass-enclosed shower. His& Her vanities and his&her walk-in closets. There is a junior suite or grandparents' room with own bathroom. This immaculate home is newly painted in hallways, kitchen and living room. The extended patio is great for entertaining., Landscape is exceptional and with unique 2 car garages. Located in a highly sought-after subdivision Fronterra at Westpointe in Alamo Ranch close to major highways, JSAB Air Force Bases, La Cantera, Seaworld, Six-Flags, Costco, HEB and Hospital. Come and see this beauty and be the next owner! ***It was under contract with VA assumed loan, but the VA loan fell through.***
Source: SABOR #1788573
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1788573
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: #1788573
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.