422 CAMERON CIR, San Antonio, TX 78258
*Open house Saturday, 9/7, 12-4 pm.** Welcome to this exquisite residence nestled in the prestigious neighborhood of Champions Ridge. This home offers an unparalleled living experience with 24/7 guarded gate access, ensuring both security and exclusivity. As you approach, a charming front garden courtyard welcomes you. The formal living area greets you with a gas fireplace, perfect for intimate gatherings or cozy office. The open-concept kitchen is a chef's dream, featuring freshly painted cabinets, an additional wall of cabinet storage, gas cooking, and stainless steel appliances. The living room off the kitchen includes a second gas fireplace with stone mantle. The primary bedroom boasts a tray ceiling and private access to the serene back courtyard. The primary bath is a spa-like haven with a double vanity, garden tub, and separate stand-alone shower. Upstairs you will find an additional bedroom and game room, both with recently updated carpet. Freshly painted interiors and crown molding enhance the home's sophisticated charm. Designed in a unique U-shape around a stunning backyard courtyard, this home offers a seamless connection to outdoor living. Walls of windows frame views of the courtyard, where you'll find a large patio area, a saltwater pool with jacuzzi and waterfall. Additional highlights include a Spanish tile roof, two HVAC units (2020 and 2023), and weekly front yard maintenance as part of the HOA. home backs up to a 5-acre conservancy, which promises ultimate privacy and natural beauty. Champions Ridge is served by top-rated NEISD schools and offers a range of amenities including a basketball court, pickleball court, tennis court, kids' play area, and access to the conservancy for outdoor enjoyment. With only 180 homes in this exclusive community, seize the opportunity to make this exceptional property your own. Assumable VA loan
You may be able to put down less than the total down payment amount of $148,632 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: #1782276
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.