3110 Arapaho Way, San Antonio, TX 78261
5 beds · 4 baths · 3,708 sqft sqft
Elementary school, community swimming pool, park, playground, trail, and dog park are a 5-minute walk away. The entire home contains hardwood flooring, tile, and NO CARPET! Located on a serene 0.33-acre lot, this charming dream home offers a perfect blend of comfort and elegance. As you approach the property, a well-manicured lawn, and beautifully landscaped shrubs and roses greet you, providing a warm and inviting first impression. The house's exterior features a tasteful mix of brick and siding, with large windows that allow natural light to flood the interior. Upon entering, you are welcomed into a spacious dining room with a glorious lead crystal chandelier that leads into an open-concept living area. The living room has a cozy fireplace and hardwood floors that flow seamlessly into the modern kitchen and breakfast area. The kitchen has stainless steel appliances, an electric new range, a natural gas range hookup is also available, granite countertops, a copper sink, and ample cabinet space, making it a chef's delight. The home boasts two stories and five generous bedrooms, each with its own unique character and plenty of closet space. The game room showcases a custom entertainment center with an electric fireplace for those memorable nights. The master suite is a true retreat, featuring a walk-in closet and an en-suite bathroom with a soaking tub, separate shower, and dual vanities. The additional bedrooms share a well-appointed bathroom, perfect for family or guests. The backdoor leads to a spacious resort-style elevated back porch equipped with a large Dr. Wellness G-14 Tranquility Spa - Hot Tub with 100 jets, LED therapy Lights, 5 seats and Bluetooth water-resistant audio, a natural gas outlet for barbeque fixtures, and a staircase that leads to a nature lover' paradise. The backyard is a private oasis with 25 feet of architectural circular stone landscape planters, and a premium drip irrigation system that feeds a vast area of edible vegetation which includes 3 plum trees, 2 apple trees, 2 peach trees, 2 pear trees, 1 orange tree, 1 lemon tree, 1 nectarine tree, 1 black mulberry tree, 1 olive tree, blackberry vines, black muscadine grape vines, and white grape vines. Other vegetation includes a spectacular circular rose garden, tulip tree, magnolia tree, mesquite tree, 9 cypress trees, moringa tree, and mature oak tree which offer a perfect blend of sun and shade throughout the day. Additional amenities include a three-car garage, a Ductless Mini Split AC System, an Aquasana Whole House Water Filtration System w/ UV light, a laundry room with extra storage, and a garage entrance mud room. The kitchen, laundry, mud room, and bathrooms contain tile flooring. There is plenty of space for a potential swimming pool. This home, set on a picturesque oversized lot, provides a perfect combination of privacy and community, making it an ideal place for a home. Feel free to schedule an appointment for a showing or watch a virtual tour of this charming home!
Source: SABOR #1788909
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1788909
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: #1788909
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.