246 Bamburgh Dr, San Antonio, TX 78216
3 beds · 2 baths · 1,578 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to this tastefully remodeled Mid-century gem in the heart of San Antonio! This single story, 3 bedroom - 2 bath home located on a quiet corner lot has everything to offer! Equipped with two living areas and a kitchen that boasts all new cabinets, SS appliances, stunning backsplash and beautiful leathered granite countertops with a waterfall edge makes entertaining a dream! The seamless flow of this home is unmatched with durable yet gorgeous LVL light oak flooring ran throughout the entire home! Both bathrooms have also been refinished with new vanities, modern tile, new fixtures and leathered granite countertops. Sitting on nearly a quarter acre (.213) of land, the large fenced in backyard has all the privacy and space for any size family. Did I mention the location??? Conveniently located near the San Antonio Airport, North Star Mall, Park North Shopping Center, numerous options of restaurants and entertainment, not to mention the ease of access to Loop 410, IH-10 AND 281! Don't miss the opportunity to make this one of a kind home your own!!!
Source: SABOR #1836928
Source: SABOR #1836928
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.