7718 Blue Gulf Dr, San Antonio, TX 78222
3 beds · 2 baths · 1,687 sqft sqft
Welcome to 7718 Blue Gulf Drive, a stunning single-story home offering 3 bedrooms, 2 bathrooms, and a flex room, in San Antonio's ever expanding Southeast Side. Built by M/I Homes in 2019, this 1,687 square foot home combines modern design with comfort.The open-concept floor plan allows the kitchen to seamlessly overlook the dining area and backyard, creating the perfect space for gatherings. Enjoy watching the kids play in the built-in playground from the comfort of your covered patio. Feel free to convert the perfectly situated flex room into a playroom, a craft room, a home gym / fitness center, an office, a separate secondary dining area, or a separate family room. The primary suite features custom closet solutions and modern space saving barn door along with recent upgrades include expanded attic space to expand on the already ample storage space available throughout the home, as well as window coverings. Single-story living offers ease of accessibility, with all rooms on one level, making it ideal for families and those seeking convenience of wanting to avoid having to climb the pesky flight of stairs. Located near schools, shopping, and dining, this home blends luxury, functionality, and practicality. Don't miss your chance to own this upgraded gem in this consistently growing location! As the icing on the cake, this home carries an assumable FHA mortgage at an amazing 3.5%! For traditional buyers, our sponsoring lender, Carlo Colantonio, will provide a 1% lender credit for any buyer! Details to be posted soon! Not only is this home priced to sell ASAP but homeowners are open to considering leaving their washer, dryer, and refrigerator for the right price. Whether you are looking to purchase your primary home, or are looking to purchase an investment property, this is truly a needle in a haystack. Assume, purchase through traditional or creative means, make sure to not discard the potential this gem has to offer!
Source: SABOR #1799813
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1799813
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: #1799813
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.