7330 Primrose Post, San Antonio, TX 78218
3 beds · 3 baths · 2,258 sqft
MOVE IN READY and ASSUMABLE VA Loan. Secure this home's 2.375 rate assumable mortgage, save thousands annually. Welcome to this charming two-story, 3-bedroom, 2.5-bathroom home with office located in the established community of Northeast Crossing. The inviting entryway and spacious foyer set the tone for the home's comfortable and functional layout. The main level boasts a dedicated home office, perfect for remote work, a full laundry room, and a convenient powder room. The open living room flows into the open dining area and well-appointed kitchen featuring granite countertops, a custom backsplash, a breakfast bar with seating, and a pantry for extra storage. Upstairs, the generous primary bedroom provides a private retreat with its en-suite bath and walk-in closet. Two additional bedrooms share a full bath, and a versatile game room offers additional space for relaxation or play. Outside, the fully fenced backyard with a patio invites you to enjoy outdoor gatherings or quiet afternoons. A two-car garage provides sheltered parking and additional storage, and the home's prime location keeps you close to shopping, dining, and entertainment options. This home is the perfect blend of style, space, and functionality-schedule a tour today!
Source: SABOR #1823559
Financials
Source: SABOR #1823559
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.