5667 MIDCROWN DR, San Antonio, TX 78218
MOTIVATED SELLERS! MOVE IN READY! LOWEST ELECTRICITY BILLS EVER - all due to high quality SOLAR PANELS. Now more on that LOW electricity bill...during hottest months, electricity bills were $130-$150...for real! Ready to meet 5667 Midcrown Dr? Come on in. It's a stunning 3 bedroom, 2.5 bath home nestled in San Antonio that has 1883 sq ft of meticulously maintained living space. This residence has charm and comfort like no other, is immaculately kept and features NEW: AC/HEAT system, TANKLESS WATER HEATER & SOLAR PANELS, all for your optimal COMFORT and EFFICIENCY. Highlighted extras are a versatile bonus room on the main floor plus a flex room upstairs. At entry there's a welcoming ambiance, lots of natural light and a roomy layout. The heart of the home lies in its GENEROUS LIVING AREA and KITCHEN, MULTIPLE CLOSETS, ABUNDANT STORAGE, and LARGE fenced BACKYARD. With gracious REAR ALLEY PARKING and proximity to IH 35, commuting is convenient, making this residence ideal for busy lifestyles. The BACKYARD is a standout feature in itself, with AMPLE STORAGE LOCATIONS, perfect for a man cave, a she shed, or both and all the space needed for those family BBQ's and parties. This home represents EXCEPTIONAL VALUE, combining practicality (remember those extremely low utility bills) with charm, making it a wonderful HAVEN FOR FAMILIES seeking both comfort, convenience and easy to afford living. Don't miss the opportunity to make this move-in ready gem your own!
You may be able to put down less than the total down payment amount of $125,053 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: #1735412