1 of 48
$232,500

8003 Braes Run, San Antonio, TX 78254

3 beds · 3 baths · 1,343 sqft

Welcome to 8003 Braes Run, a charming single-family home located in the peaceful Bridgewood subdivision of San Antonio. Situated at the end of a quiet cul-de-sac, this home offers modern updates, comfort, and convenience, all at an attractive price point. Step inside and be greeted by a bright and welcoming living space. The open-concept design provides a seamless flow from room to room, making it perfect for both everyday living and entertaining guests. The adjacent kitchen features durable ceramic tile flooring and a clean, functional layout, ideal for all your culinary adventures. With easy access to the dining and living areas, it serves as the perfect hub of the home. On the first floor, you'll also find a beautifully renovated half-bathroom, updated in June 2021 with a new vanity, modern flooring, and a sleek toilet-a practical and stylish addition. The laundry room is conveniently located downstairs, with direct access to your single-car garage, adding ease and efficiency to your daily routines. As we head upstairs, you'll find all three bedrooms, each offering a cozy and private retreat. The large master bedroom is a standout, with plenty of room to unwind. The en-suite master bath enhances the space, offering privacy and convenience. Two additional bedrooms, with updated carpeting installed in September 2024, complete the second floor. These versatile rooms are filled with natural light and ready for whatever you envision-a home office, guest room, or creative space. Step outside into the fenced backyard, a private and cozy spot perfect for outdoor dining, gardening, or simply relaxing in the fresh air. As a resident of the Bridgewood subdivision, you'll also have access to the community center, which includes a swimming pool and playground-perfect for enjoying sunny Texas days. Residents of this home will be part of the Northside Independent School District, a well-regarded district offering a variety of programs and resources to support student success. It's known for its commitment to providing quality education and fostering a welcoming environment for all. 8003 Braes Run is centrally located near a variety of shopping centers, including Walmart, Target, HEB, and The Home Depot, along with numerous local eateries. Everything you need is just minutes away. With recent updates like a new HVAC system installed in July 2024, a roof replacement in 2017, this home represents incredible value in a desirable location.

Interest rate 3
2.9%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$643
With Roam
$990
Reduce your monthly payments by $347 when you assume this mortgage.
You also save $111,422 in total interest paid.

$88,952
Edit

You may be able to put down less than the total down payment amount of $88,952 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.091 acres
Year built
2003
Type
Single Family Residence

Source: SABOR #1817098

Loan
Remaining term
26 years, 9 months
Rate
2.9%
Monthly P&I
$643
Remaining loan balance
$143,547

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 24, 2024 06:26 am
Listing agent: Brandon Warner (210) 612-0231
Listing provided courtesy of: Becker Properties, LLC (210) 920-2727
Details provided by SABOR and may not match the public record.
MLS ID: #1817098
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the San Antonio Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Everystate, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 San Antonio Board of REALTORS®. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$643/mo
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