25646 Lakota Winter, San Antonio, TX 78261
4 beds · 4 baths · 3,087 sqft
Welcome to this stunning single story former Highland model home, situated on nearly half an acre of private land with lush, mature landscaping. This home offers the perfect blend of luxury and functionality, starting with a Keith Zars pool and adjoining spa-both controlled directly from your phone, including lights, jets, and temperature settings for ultimate convenience. Enjoy outdoor living at its best with new TREX decking, a detached pergola, and an oversized covered patio featuring a mounted TV that conveys. Inside, the expansive kitchen island with custom stonework is a centerpiece, and the spacious family room showcases a striking floor-to-ceiling stone fireplace. With four bedrooms plus an office and game room, all conveniently located on one level, this home offers ample space for family and guests. The secondary bedroom features its own en suite bathroom, upgraded with a custom shower and walk-in closet. The primary suite is a true retreat, complete with a bay window, a huge walk-in closet, and a spa-like bath. High ceilings and plantation shutters throughout add an elegant touch, and the absence of carpet-only wood and tile floors-adds to the home's low-maintenance appeal. A tandem three-car garage and an 8 ft. front door enhance the sense of space and functionality. The home is located within walking distance of Indian Springs Elementary, and the community offers a pool and playground for added enjoyment. Best of all, there are no city taxes, and you're part of the excellent Comal ISD. This home is a must-see!
Source: SABOR #1847480
Financials
Source: Public records
Source: SABOR #1847480
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.