518 Saratoga Dr, San Antonio, TX 78213
3 beds · 3 baths · 1,980 sqft
Get a free consultation call with an expert in the mortgage assumption process.
VA ASSUMABLE LOAN! KILLER LOCATION at 410 and 10! The Dellview neighborhood sits in a great area with transit times like: 12 min. to the Alamo and Riverwalk, 13 min. to the Rim and La Cantera for shopping and entertainment, 10 min. to the Medical Center, 8 min. to USAA...and La Fogata (one of San Antonio's oldest and best restaurants) is just 4 mins. away! The entry includes a delightful sitting room and the two secondary bedrooms are in the front original section of the home as well as a full size bath with tub and shower. Delightful hints of the home's history are obvious when you see the wood floors and built in telephone nook in the hall way. Recent renovations include an open concept addition that boasts a high ceiling with beams, an ample living area, dining area, a bar and centering the room is a striking custom tiled TX star in the floor! Primary features of the property that have been updated in the last few years include: new AC unit 10/21, new hot water heater 8/21, plumbing and electrical upgrades 8/21 and 11/21, new light fixtures and ceiling fans 3/22. In July 2024 new tile work was done in the Primary shower and a new GE Gas Convetion Stove with No Preheat Air Fryer was installed in the kitchen. On the back of the house you will find an extra large covered patio area that makes for a delightful spot to be outdoors anytime whether you are having morning coffee, a lunch break, maybe grilling for dinner and/or hosting parites on the wekend with family and friends. The back yard has two sides with wooden fencing and the third is chain link, providing a good deal of privacy for you and your family. Topping off this great property is an attached one car garage, with laundry space, and a two car carport.
Source: SABOR #1774351
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: SABOR #1774351
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 and Equal Opportunity Act.