8102 ASSUMPTION DR, San Antonio, TX 78254
** Welcome to this inviting 3 bedroom, 2.5 bath home on the NW side, nestled on a greenbelt, with convenient access to Alamo Ranch shopping and dining, schools, and various attractions. Upon entering, you are welcomed with 9-foot ceilings. an open-concept great room where the kitchen, dining room, and living room seamlessly blend together, creating a spacious yet cozy gathering space for family and friends. You will appreciate the natural light and serene surroundings, plus recessed lighting throughout. The main floor also includes a powder room, laundry room and a versatile office space that can double as an extra bedroom. The house features granite countertops, LVP flooring, and ceramic tile throughout, no carpet, as well as 2" faux wood blinds and a sprinkler system. Step outside onto the covered gazebo where you can enjoy a morning coffee or entertain with family and friends in the privacy of no neighbors behind you, while string lights provide the backdrop for relaxation and entertainment. Moving upstairs, you'll find the owner's retreat, oversized and spacious for the perfect night's escape and bathroom featuring dual-sink vanity, and walk in closet, as well as two additional bedrooms, a 2nd full bathroom, and a versatile loft, perfect for a game room or additional living space. Other highlights include transferable Home Builder Warranty, pre-plumbed water softener, no city taxes, and neighborhood pool and playground, plus great neighbors. Don't miss your opportunity to make this dream home yours! Owner Financing Available with 20% down.
You may be able to put down less than the total down payment amount of $120,147 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: #1786946
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.