1924 Capella Rdg, San Antonio, TX 78260
4 beds · 5 baths · 4,000 sqft
**VA Assumable $400K @ 2.75%** We work with a second lien lender who can finance the difference when the buyer puts 10% down. VA eligibility only. Discover this absolutely gorgeous 4-bedroom, 4.5-bathroom home in the highly desired Kinder Ranch community. Thoughtfully designed with both comfort and style in mind, this home offers a private study, an enclosed 24x12 sunroom with a mini-split, luxurious primary retreat, and a guest suite with a full bath on the main floor. Upstairs, you'll find a spacious game room, a media room, a full bathroom, and an additional guest suite with its own private bath. Designed for entertaining, the home boasts an open-concept layout with a spacious dining area and sunroom just off the family room. At the heart of the home is a chef's kitchen featuring an oversized island with counter-height seating, two pantries, stainless steel appliances, gas cooking, and elegant granite countertops. The soaring two-story living room is a showstopper, complete with a custom gas fireplace and an abundance of natural light. Wood-look tile flooring extends throughout the main level, adding both warmth and durability. The primary retreat boasts a spa-like bath and an expansive walk-in closet with custom shelving. This home is loaded with upgrades, including plantation shutters, newly replaced carpet (2023), a convenient mudroom, abundant storage throughout, and so much more! The extra-deep garage provides ample space for overhead storage. Step outside into your backyard retreat, where a large wood deck, a full sprinkler system, and plenty of open space create the perfect setting for relaxation and play. The new, award-winning schools are right next to the neighborhood - Kinder Ranch Elementary, Pieper Middle School, & Pieper High School. Gated community with a pool & jogging trails. No city taxes. After years of construction, HWY 281 is now open northbound & southbound making the drive to and from 1604 quick and easy. WELCOME HOME!
Source: SABOR #1841441
Financials
Source: Public records
Source: SABOR #1841441
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.