5735 CHARLIE CHAN DR, San Antonio, TX 78240
Welcome to your new home in the prestigious Oakhills Terrace neighborhood of San Antonio! This exquisite property offers the perfect blend of comfort, style, and functionality. Situated in a prime location, this charming residence boasts four bedrooms and three full baths, providing ample space for your family and guests to enjoy. The thoughtful layout includes a convenient bedroom downstairs, complete with a full bath, offering versatility as a junior suite, mother-in-law quarters, or a welcoming guest room. Retreat to the luxurious primary suite upstairs, offering the ultimate sanctuary for relaxation and rejuvenation. Complete with a private balcony overlooking the serene backyard, you can start your day with a cup of coffee while enjoying the tranquil views or unwind in the evening with a glass of wine under the stars. Outside, you'll find your own private oasis with mature trees in the backyard and patio area, perfect for enjoying the San Antonio weather or hosting summer barbecues. With its desirable location in Oakhills Terrace, you'll enjoy easy access to top-rated schools, parks, shopping, dining, and entertainment options. Plus, the vibrant culture and rich history of San Antonio are just a short drive away. Don't miss this incredible opportunity to make this house your forever home. Schedule your showing today and experience the best of San Antonio living!
You may be able to put down less than the total down payment amount of $157,447 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: #1768044