8406 Mescal Pass, San Antonio, TX 78252
3 beds · 2 baths · 1,392 sqft sqft
Cozy two-story Starter Home Design - This house boasts a charming facade with warm-toned siding and a welcoming front porch adorned with comfortable seating and vibrant flower pots. A well-maintained pathway leads to the front door, and a large backyard is enclosed by a wooden fence for privacy. **First Floor:** - **Open Concept Living Area:** As you step inside, you're greeted by a bright, airy living room that seamlessly connects to the dining area and kitchen. Large windows let in natural light, illuminating the space, - **Kitchen:** The modern kitchen features an island with bar seating, stainless steel appliances, and plenty of storage. Open shelving showcases your favorite dishes, while a pantry provides additional space for all your cooking essentials. (ALL KITCHEN APPLIANCES INCLUDED)- **Dining Area:** The dining area, adjacent to the kitchen, has a spacious table perfect for family gatherings and dinner parties. Sliding glass doors lead out to the backyard, creating a seamless flow for entertaining. - **Half Bath:** A convenient half bath is located near the living area for guests. **Second Floor:** - **Bedrooms:** Upstairs, there are three cozy bedrooms. The master bedroom includes an ensuite bathroom with a double vanity and a walk-in closet. Two additional bedrooms share a well-appointed full bathroom. - **Flex Space:** A versatile loft area can serve as a home office, playroom, or cozy reading nook, providing extra space to relax or work from home. **Backyard:** The expansive backyard is perfect for outdoor activities, with plenty of room for a garden, playset, or patio for barbecues and gatherings. Imagine summer evenings spent lounging under the stars or hosting friends for fun outdoor games. --- This layout promotes a sense of community while offering privacy in personal spaces. It's designed to adapt to your lifestyle, whether you're growing your family or simply enjoying life's moments. SCHEDULE YOUR SHOWING TODAY!!
Source: SABOR #1810482
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1810482
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: #1810482
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.