719 Misty Water Ln, San Antonio, TX 78260
3 beds · 2 baths · 2,202 sqft sqft
Start packing!!! If you've been looking for your forever home in Timberwood Park, then look no further. This charming one-story home, set on a spacious 0.59-acre lot, is surrounded by lush trees offering ample shade. A long driveway leads to a solar-powered lighted sidewalk and a covered front porch with a large front door. Upon entering, you're greeted by a welcoming floor plan featuring stunning archways. The home includes a private office with double glass doors and a dining room with tray ceilings and two archways, adding elegance and openness. The recently updated kitchen boasts new cabinetry with soft-close drawers, crown molding, an island, reverse osmosis (2024), smooth cooktop, microwave, double ovens, stainless steel refrigerator, and dishwasher. A wine/coffee bar with an under-counter wine refrigerator is a standout feature. The breakfast bar opens to the living room and breakfast area. The living room features vaulted ceilings, wall niches, and a wood-burning brick fireplace. Large windows provide plenty of natural light. The spacious primary bedroom offers outdoor access and a tray ceiling. The primary bath features his and her vanities, a jacuzzi tub, a walk-in shower, and a huge walk-in closet. The backyard is paradise that offers a fully equipped outdoor kitchen (that lights up blue at night) with a sink featuring hot water, a built-in ice chest, refrigerator, double side burner, grill, and a pizza oven, with two separate sitting areas and a huge pergola with polycarbonate that offers protection but still allows natural sunlight. Perfect for outdoor relaxation. Additional storage is conveniently located under the deck, with metal sheeting installed to prevent water from wetting the stored wood. The backyard also includes an on-site built shed, a garden with an irrigation system (2022), and a playscape, perfect for family activities. The home features updated systems, including an HVAC from 2020, a water heater installed in 2022, a deck built in 2022, and a roof installed 04/2024.
Source: SABOR #1824693
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1824693
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: #1824693
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.