3046 Colorado Cv, San Antonio, TX 78253
4 beds · 3 baths · 3,261 sqft sqft
MOVE IN READY! This stunning family home is situated in the highly desirable gated The Preserves at Alamo Ranch. With four spacious bedrooms and three full bathrooms, this home provides ample space for your family to grow and thrive. The dedicated office and luxurious media room with state-of-the-art surround sound offer additional space for work and entertainment. Enjoy multiple expansive living areas designed for comfort and versatility, along with abundant storage options to keep your home organized. The home features a private guest suite on the bottom floor, offering both privacy and convenience for visitors. The outdoor living spaces of this home are truly exceptional, offering a perfect blend of beauty and functionality. Step outside to find immaculately manicured landscaping and mature, majestic trees that create a serene and private atmosphere. Multiple sitting areas invite you to relax and enjoy the outdoors. Imagine spending your evenings surrounded by lush greenery in this beautifully designed outdoor oasis, perfect for both intimate family moments and entertaining guests. Whether you're dining al fresco, hosting a summer barbecue, or simply unwinding with a good book, this outdoor space provides the perfect backdrop for a tranquil and enjoyable lifestyle. Recent upgrades include a high-efficiency whole home water softener, a state-of-the-art on-demand tankless water heater, and a brand-new HVAC unit, GE Dishwasher ensuring comfort and efficiency. Residents of the Alamo Ranch Community have access to a sparkling community pool to cool off in the Texas heat. Don't miss the opportunity to own this exquisite property in Alamo Ranch.
Source: CENTRALTEXAS #546633
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #546633
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #546633
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.