606 John Vance Dr, San Antonio, TX 78216
3 beds · 2 baths · 1,224 sqft
**Open House- Sun April 6th from 2pm-4pm** Discover your dream home in the heart of North Star Hills! This beautifully updated one-story brick home offers 3 spacious bedrooms, 2 luxurious bathrooms, and a seamless blend of modern upgrades with timeless charm. Step into a welcoming living room featuring a striking accent wall and sleek new LVP flooring that flows throughout. In the kitchen it's a chef's delight with brand-new quartz countertops, stylish detailed backsplash, and all-new cabinetry. Enjoy cooking with the convenience of a beverage fridge, new microwave, new dishwasher, and a cozy brick fireplace that adds warmth and character. Your private master retreat awaits with a spa-like bathroom featuring a glass walk-in shower, completed with a luxurious waterfall shower head, a stunning acoustic panel wall with an elegant custom vanity, and a designer mirror for a truly indulgent experience. Relax and entertain in the spacious backyard, complete with a covered patio featuring shade curtain blinds. Along the fence is Solar LED lights that add a magical ambiance for evening gatherings. This beauty includes Smart Features such as Bluetooth-enabled speakers integrated into the bathroom extractor fans, a Smart thermostats for efficient climate control, and an Alexa controller to seamlessly manage all your smart devices with the option to add more. This home is conveniently situated near North Star Mall, with easy access to major highways and just a short 10-minute drive to The Pearl, the Airport, and Downtown. Don't miss the chance to call this exquisite gem your home. Schedule your tour today and fall in love!
Source: SABOR #1835066
Source: SABOR #1835066
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.