7818 Wild Eagle Rd, San Antonio, TX 78255
5 beds · 2 baths · 2,373 sqft
Major price improvement on this character filled home. This lovely house is being offered below the recent appraised value. Standing since 1966, this house is a founding pillar of the Hills and Dales subdivision, and it is a testament to the beauty of the landscape around it. Located conveniently at the heart of San Antonio's Northwest side, a short drive to La Cantera or the Rim, Six Flags, or multiple shopping centers is not out of reach. It's in an outstanding location for a family of school-aged children being that it is within the Northside Independent School District. This home's white stone exterior, stone fireplace, high ceilings, and exposed beams give it an air of 19th century charm and rustic elegance. While the home still holds all of the stylistic allure from when it was built, it has since been updated. The house comes with a recently installed AC unit, newly installed attic insulation, a new water heater, a new dishwasher, a large covered back patio with a gorgeously crafted cedar deck, one fully renovated bathroom, one bathroom with fresh tiling and paint, and a converted fifth bedroom which could also be used as a media or entertainment room, or any other amenable space. The land surrounding the house has also been landscaped, particularly the front yard. In short, the house remains as attractive as it was when first built while also offering modern refurbishments that make it both unique and functional for any buyer.
Source: SABOR #1784846
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1784846
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: #1784846
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