8635 Cross Spg, San Antonio, TX 78251
4 beds · 3 baths · 1,919 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautiful home, ideally situated on a cul-de-sac and backing onto a lush greenbelt. Enjoy scenic views and a sense of tranquility, offering the perfect retreat from the hustle and bustle of everyday life. Step inside to a bright and inviting living area that seamlessly connects to the well-appointed kitchen and formal dining space. The galley kitchen is a true highlight, featuring stunning granite countertops, a stylish tile backsplash, and stainless-steel appliances, including a smooth-top range and built-in microwave. From the breakfast area, step out onto the screened-in porch-a wonderful space to relax and take in the beauty of the outdoors. The porch overlooks the serene backyard, surrounded by mature trees and greenery. Wood and ceramic tile flooring extend throughout the main living areas, adding warmth and durability. This home also features eco-friendly solar panels, and backup battery, a fantastic energy-saving addition. Please note that the buyer will need to assume the solar panels, presenting a great opportunity for long-term energy cost savings. Upstairs, the primary suite offers a welcoming retreat with wood flooring, high ceilings, and a spacious walk-in closet for ample storage. The en-suite bathroom is equally impressive, featuring Corian countertops for both beauty and functionality. A bidet adds a touch of luxury, while the tub/shower combo includes a soothing whirlpool tub-perfect for unwinding at the end of the day. Three additional secondary bedrooms and a full bath off the hallway provide plenty of space for all. This home strikes the perfect balance of comfort, privacy, and convenience. Located just minutes from major roads, it offers easy access to shopping, dining, and entertainment. With thoughtful design, eco-friendly features, and a stunning setting, this is a property you won't want to miss!
Source: SABOR #1841360
All values shown are estimated costs / mo.
Source: Public records
Source: SABOR #1841360
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.