7500 CALLAGHAN RD # 354EE, San Antonio, TX 78229
Nestled in a serene and secure community of Lafayette Place, this stunning 3-bedroom, 2-bathroom condominium offers a unique blend of modern luxury and timeless charm. The spacious open concept living and dining area, complete with a dry bar, provides an inviting atmosphere for entertaining guests or simply relaxing after a long day. The hardwood floors throughout the living areas, dining room, and hallways add warmth and elegance to the space. The kitchen is a true chef's dream, featuring granite countertops, custom cabinetry with sliders in most lower cabinets, and a well-appointed pantry. The five-burner cooktop and double ovens ensure that culinary adventures are a breeze. The primary suite is a sanctuary of its own, boasting multiple closets and an en-suite bathroom with a double vanity and a separate makeup vanity, providing ample space for pampering and relaxation. Step out onto the covered patio off the kitchen, where stairs lead directly to your two reserved parking spaces, offering unparalleled convenience. The home is designed with amazing storage throughout, ensuring that every belonging has its rightful place. The grounds are a vision of natural beauty, adorned with majestic old-growth live oak trees and meticulously landscaped greenery, creating a tranquil oasis within the city. Offering easy access to Loop 410 and IH-10, this condominium is just moments away from the renowned San Antonio Medical Center and USAA. It's a short drive to North Star Mall, Huebner Oaks, or LaCantera. With its perfect blend of luxury, convenience, and natural beauty, this condominium promises an exceptional living experience that truly stands out.
You may be able to put down less than the total down payment amount of $101,972 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: #1780378