5202 Fountain Hl, San Antonio, TX 78244
3 beds · 3 baths · 2,128 sqft
**Seller willing to give $5500 in closing costs to buy down the rate and provide a 65" mounted TV for the living room!** Charming 3-bedroom, 2.5-bath home with a game room upstairs. This home features an open-living concept filled with natural light, perfect for relaxing or entertaining guests. The dining room flows seamlessly into the living room. Newly installed luxury vinyl plank floors create a functional, yet beautiful space! With fresh paint throughout much of the home, this home is turnkey and ready for you to call it home! The kitchen is well-appointed with newly installed quartz countertops, a breakfast bar, and modern stainless appliances that make meal prep or entertaining a breeze. Retreat to the primary bedroom suite, which offers plenty of room for your king-size bed & an oversized walk-in closet. You'll love relaxing in the en-suite bathroom, complete w/a double vanity and separate tub and shower! The two additional bedrooms are spacious and versatile, ideal for a growing family, home office, or guest space. The second full bath is conveniently located and well-suited for family and friends. Step outside to the privacy fenced backyard - your private sanctuary! Whether planning a BBQ, or gardening, you will enjoy the great outdoors. With new wood on the deck and a fresh coat of stain, the deck is perfect for relaxing outside. Located just minutes from shopping, dining, and well-regarded schools, this home offers the perfect balance of tranquility & accessibility. Come see why Fountain Hill is the perfect place to start your next chapter!
Source: SABOR #1806877
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1806877
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: #1806877
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.