7500 Callaghan Rd # 354EE, San Antonio, TX 78229
3 beds · 2 baths · 2,085 sqft sqft
Tired of apartment living? Time to downsize from a house that's too big? Come and look at this amazing condo nestled in a serene and secure community of Lafayette Place, this stunning 3 bedroom, 2 bathroom condo offers a unique blend of modern luxury and timeless charm. The 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.
Source: SABOR #1780378
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1780378
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: #1780378