2347 Preakness Ln, San Antonio, TX 78248
4 beds · 3 baths · 2,731 sqft
Tucked away on a PRIVATE greenbelt in the highly desirable Churchill Estates! This beautifully maintained two story home offers a unique opportunity to connect with nature without sacrificing modern comforts. Backing onto a lush greenbelt with a trail leading directly to the park and Salado Creek, the property boasts stunning views that you can enjoy on your enormous covered patio, adding a touch of tranquility to your daily life. Inside, you'll find plenty of natural lighting with breathtaking views of your private outdoor oasis, tall ceilings, open concept and beautiful engineered wood floors in the entryway, living room, and primary suite. An office at the front of the home with BRAND NEW CARPET offers the perfect space for remote work or home gym. The heart of the home is the open kitchen, featuring granite countertops, brand new cooktop, stainless steel appliances and plenty of cabinetry ideal for culinary enthusiasts. This home features three eating areas the kitchen bar, dining room, and breakfast area making it the ideal home for gatherings! The downstairs primary suite ensures privacy and comfort, creating a serene retreat at the end of the day, with peaceful views of the greenbelt and a private entrance to the back covered patio. Upstairs, you'll find a versatile loft perfect for a home office or entertainment space, along with a generously sized bonus room that can be used as a playroom, media room, or extra bedroom. Recent updates enhance the home's appeal, including a 5 year old roof, new carpet throughout the upstairs and fresh neutral paint in the main living areas. Residents of Churchill Estates can walk to the trail from the greenbelt that leads you to park benches, Salado Creek greenway trail, playground and Hardberger park! This home is a rare blend of functionality and convenience with your own private retreat right inside the heart of San Antonio! This home has been meticulously maintained by the sellers since 2013, ensuring its excellent condition. High speed internet and Google Fiber coming by end of April! To fully appreciate its beauty and all it has to offer, schedule a showing TODAY!
Source: SABOR #1853276
Source: SABOR #1853276
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%. 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.
Other resourcesWhat 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.