7818 WILD EAGLE RD, San Antonio, TX 78255
WE ARE WORKING WITH OUR PREFFERED LENDER AND OFFERING A 4.99% FIXED INTEREST RATE ON FHA OR VA LOANS FOR THIS GEM. WITH APPROVED CREDIT AND OFFER, THE SELLERS WILL PAY THE POINTS TO GET YOU THIS RATE. 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 complete 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.
You may be able to put down less than the total down payment amount of $146,796 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: #1784846