24135 SEVEN WINDS, San Antonio, TX 78258
Assumable loan with a 2.75 interest rate!!! Everyone knows the beautiful custom built Connell Barron home that sits up high on your left as you enter the gated community of Mountain Lodge. This gorgeous home can now belong to you. It has 3,939 sqft of elegance & charm giving you all the space you need to entertain & make lasting memories with your family & friends. With 4 bedrooms & 3.5 baths spread out in this open floor plan with high ceilings, space will not be an issue. The dramatic dual staircase leads up to the 2nd floor landing where you will find a built-in desk & cabinets for extra storage. There is an additional built-in desk in the breakfast room. The gourmet style kitchen is a culinary dream with its large walk-in pantry, updated granite countertops, double oven & Viking range with additional 3rd oven valued at $8,300. The secluded master bedroom is located downstairs providing privacy from the rest of the house. The spa like master bath has a separate shower & garden tub as well as a large walk-in closet. Even the oversized laundry room will wow you. The addition of the huge covered back patio is where you will want to spend most of your time. Thinking about putting in a pool some day? Check out the pool plans included in the photos. This home really does have it all & is a must see for any family wanting to live in luxury. Schedule your showing today!
You may be able to put down less than the total down payment amount of $274,503 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: #1728174