25447 RIVER LEDGE, San Antonio, TX 78255
Step into this exceptional Perry home located in the popular River Rock Ranch gated community. Upon passing through the striking Mahogany front door, you'll be greeted by the grandeur of the 12-foot high coffered ceilings in the entryway, creating an expansive ambiance. To the left, French doors lead to the library or office space, while across the way, an elegant open dining room awaits. This home features 4 bedrooms, 3 full bathrooms, and an open floor plan with ceramic floors throughout (excluding the bedrooms). We have an exquisite gourmet kitchen featuring SS appliances, gas cooking, tall cabinets, a reverse osmosis system, granite countertops, an oversized island, and a breakfast bar seating 8. The kitchen seamlessly transitions to a morning area and a separate game room/bonus room through inviting French doors. The family room boasts a corner flagstone gas log fireplace. The owner's suite has a spacious en-suite bath with a garden tub, glass-enclosed shower, double vanity, and a large walk-in closet. The backyard has an oversized covered patio, a gas line for a future outdoor kitchen, and offers privacy with no rear neighbors and a wooded green space. Other notable features include a 3-car tandem garage, water softener, tankless water heater, and sprinkler system. Exemplifying a dedication to energy efficiency, warmth, and meticulous maintenance, this home leaves no detail overlooked. Residents relish access to an array of amenities, including parks, walking trails, a playground, a fitness center, a resort-style swimming pool with a meandering lazy river, and a sprawling clubhouse. Located near shopping, restaurants, and schools, this home epitomizes the combination of comfort and convenience. Seize the opportunity to make this your own. This home truly offers the ultimate in luxury living."
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: #1782526