3366 TAVERN OAKS ST, San Antonio, TX 78247
Welcome to this charming two-story home, where elegance meets comfort in a unique floor plan bathed in natural light. As you step inside, you'll immediately notice the thoughtfully designed kitchen, equipped with a built-in oven, electric cooktop, and ample storage space. Enjoy your morning coffee in the cozy breakfast nook or host dinners in the separate dining room. The living room is the heart of the home, featuring cathedral/vaulted ceilings, an open and airy ambiance, and a welcoming fireplace that promises cozy evenings. The main level boasts a serene primary bedroom complete with a beautifully finished pebble stone fireplace and an en suite bathroom. Upstairs, you'll find three additional spacious bedrooms, each designed with comfort in mind. The entire guest bathroom has been fully renovated, adding a touch of modern luxury to the home.The charm extends beyond the home into the neighborhood, which is adorned with mature trees, sidewalks, and friendly neighbors. You'll love the duck pond with its picturesque gazebo and the little free neighborhood library. The voluntary yet active HOA ensures a vibrant community with several markets and special holiday events at the duck pond throughout the year, perfect for making lasting connections with your neighbors. Recent renovations include adding hardwood floors to the primary bedroom, replacing the old ranch-style fence with a modern, safer design, repairing the backyard stairs and adding a playscape, and finishing out a previously converted garage into a large bedroom with a walk-in closet. Additional updates include a new coat closet at the front entry, an extra storage closet off the utility room, and new AC and blower units along with a new hot water heater. This home truly offers a blend of charm, comfort, and modern convenience, making it a perfect haven for its new owners. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
You may be able to put down less than the total down payment amount of $92,454 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: #1792577