7526 Mckinney Hls, San Antonio, TX 78254
4 beds · 4 baths · 3,243 sqft sqft
As a buyer, imagine stepping into a home that perfectly balances comfort and elegance. From the moment you walk through the private courtyard, you'll feel a sense of warmth and tranquility, making it easy to envision yourself enjoying morning coffee or evening drinks in this serene space. The back patio offers views of a lush greenbelt, and with the option to add a gate to the back fence, you'll have easy access to the natural beauty just beyond your yard. Once inside, you'll appreciate the open and split floor plan, designed with convenience in mind. All the bedrooms are located on the main floor for easy access. At the front of the home, you'll find three bedrooms, including one with its own en suite bathroom-perfect for guests or family members who want a bit of privacy. The owner's suite is a spacious retreat, featuring a large primary bath and an expansive walk-in closet that provides ample storage space. To the right of the entrance, there's a spacious laundry room and a media room, offering plenty of functionality. Upstairs, a versatile bonus room and half-bath provide the perfect space for a home office, playroom, or additional guest area. For those who love to cook, the kitchen is a dream come true. It's generously sized, offers plenty of storage, and features gas cooking, making meal prep an enjoyable experience. Best of all, this home is located outside city limits, meaning no city taxes! Don't let this opportunity pass you by-schedule your appointment today and experience this exceptional home for yourself!
Source: SABOR #1789765
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1789765
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: #1789765
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