3815 Yellow Flax, San Antonio, TX 78253
2 beds · 2 baths · 1,855 sqft
Charm meets lifestyle! This is an incredible opportunity to live in the Del Webb 55+ community in the Alamo Ranch area. Impeccably maintained and gently lived in this home has all the bells and whistles! From the moment you walk in you will appreciate the attention to care and upkeep the seller has clearly given! 2 Bedrooms plus a study, plus a sunroom plus a screened in porch with amazing views gives you all the space you will need! The double French doored study is the perfect place to escape and get some work done. Entering the living space through the tiled entry with high ceilings and crown molding you will find the expansive kitchen with abundant cabinets and oversized island ready for your next entertaining adventure! The kitchen is the heart of the home and everyone will gather here yet still be out of the chef's area! The gas cooking will help any budding chef master their craft! The raised dishwasher is an added plus for easy clean up. Looking out over the trayed ceiling family room with tile throughout the space the area flows and is very welcoming. The sun room at the rear of the house brings in natural light and joy. The screened in porch is the perfect place to enjoy the outside without pesky pests. The primary bedroom is separate from the secondary bedroom for privacy. Relax after a long day in the soaking tub or enjoy a nice steamy shower. 4 sides brick helps ease your mind for maintenance. All of this with a two car garage including an insulated garage door and house fan to help alleviate high temps!
Source: SABOR #1810615
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1810615
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: #1810615
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