2607 INDIAN FRST, San Antonio, TX 78244
AN ABSOLUTE BEAUTY!! MUST SEE, WONT LAST! **AVAILABLE FOR SHOWINGS BEGINNING WEDNESDAY 09/18 PLEASE ALLOW ONE HOUR COURTESY NOTICE. This gorgeous home was a model home so has the bells and whistles you are looking for. When you walk in you feel the welcoming touch of the foyer which leads you into the extra large kitchen with wall to wall cabinets, large marble top island with sink, cabinets have rolling pull outs for your pots, pans, dishes. Warm kitchen invites you to have plenty of room for dinners, parties and/or entertaining. Kitchen opens up to the dinning room and living room. Home is very spacious allowing plenty of room for family and friends. Master bedroom has a large walk in shower with handicap railing, sitting ready for any special needs if necessary. All other bedrooms are also spacious and newer wood planks for flooring. Home has ceramic tile and flooring no carpet. Backyard is ready for entertaining or just enjoying your evening looking at the stars while sitting in the extend porch with pergola/gazebo, lawn manicured and shed in backyard. BBQ equipment does not convey, washer and dryer do not convey. Don't hesitate to stop by and see if this is your next home.
You may be able to put down less than the total down payment amount of $111,828 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: #1808989