5643 Darmondale, San Antonio, TX 78261
4 beds · 4 baths · 3,237 sqft sqft
Bring all offers ! Seller has relocated, reduced asking price, and is ready to make a deal ! Already listed at 150K UNDER County Appraisal (After Flex Cash) Your Not Reading This Wrong...Seller is ready to let go of this Dream House and in addition to the price reduction, they're offering more than 20K to help you the buyer make this deal work... As you make your way to the back of this extremely private gated community, You'll be blown away by large expansive lots full of million-dollar homes and mature oak trees. This impressive two story stucco home centered on a huge 1ac+ corner lot is an absolute jaw-dropper. Enter the large double doors and be greeted by a foyer, staircase and 20ft ceilings...Walk in a little bit further and enter your grand living room with stone fireplace Floor to ceiling, open formal dining, and spacious eat-in kitchen with tons of cabinet space, black granite counters, bar top, and island. The primary suite is just as impressive as the rest of the home, plenty of space for any bedroom furniture you could imagine, A large windowed door leads you out to your private in ground pool surrounded by paved flagstone, double doors to the bath with double vanity, walk in shower, and large jet tub. Two large rooms upstairs with walk in closets share a large Jack & Jill Bathroom and the third bedroom is a secondary master or mother in law suite with its own full bath. The upstairs living area has a door that will take you out to the balcony/deck that stretches across the back of the home and looks out over the pool and the rest of your amazing property.
Source: SABOR #1756467
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1756467
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: #1756467
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