5735 Medina Farm, San Antonio, TX 78222
5 beds · 3 baths · 2,544 sqft sqft
Seller is ready to close this month. Solar Panels paid off your gift! Welcome to your dream home located in the Riposa Vita Community! This stunning five-bedroom, two-full-bathroom property offers the perfect blend of elegance, comfort, and style. As you step inside, you'll be greeted by an inviting entryway with ample space, creating a practical and organized environment for everyday living. The large and inviting living area boasts impressive high ceilings with wood-like laminate flooring creating a cozy and warm atmosphere for gatherings. The beautiful granite kitchen is a chef's delight, featuring a large kitchen island with granite countertops, good size pantry, and a dining area off the kitchen, providing the perfect setting for shared meals and entertainment. The spacious primary bedroom is a true retreat, ceiling fan installed. The ensuite bathroom with a garden tub, a walk-in shower, and a double vanity, offering ultimate relaxation and comfort. The five spacious bedrooms provide ample space for relaxation and rest. The outdoor living space is equally impressive, covered patio, creating a serene and stylish outdoor entertainment and relaxation environment. The pool is a definite nice feature. This home also features a two-car garage an generator hook-up installed, providing convenience and practicality for possible freeze or power outages. The sellers have made nice upgrades to the home as you can see!
Source: SABOR #1813043
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1813043
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: #1813043
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.