339 Donaldson Ave, San Antonio, TX 78201
3 beds · 1 baths · 1,411 sqft
Beautifully restored 1920's brick home with inviting arched front porch perfect for enjoying your morning coffee or handing out candy on one of the premier trick or treat streets! This meticulously restored home boasts vintage features like glass doorknobs, original built-ins, barrel ceilings, and a cozy fireplace. Spacious and versatile floor plan features 2 oversized bedrooms and a 3rd flex room which can used as a 3rd bedroom, office or media room. This home perfectly balances vintage aesthetics with modern functionality like the updated kitchen with custom cabinetry, SS appliances, and tile countertops; plus, original hardwood floors, high ceilings with crown molding, plantation shutters, and tons of natural light. The extensive kitchen & laundry area have plenty of cabinet space perfect for storage and plenty of space for a small dinette or pet area. Home features a long driveway allowing plenty of parking. Most systems have been updated over the last few years: Approx. Roof 2021, HVAC 2024, Solar Screens 2023, H2O heater 2020. Enjoy the July 4th Woodlawn Lake fireworks from your massive, private covered deck or entertain on your front Flagstone porch. Enjoy the view of over 30 species of flora and fauna in your custom landscaped backyard. Seller is willing to entertain any and all requests you put in your offer. No creative/owner/assumable financing.
Source: SABOR #1808305
All values shown are estimated costs / mo.
Source: Public records
Source: SABOR #1808305
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.