8746 TIMBERBRIAR ST, San Antonio, TX 78250
Priced for a quick sale, with comps showing a $300K value!!! This amazing deal won't last long - make an offer before it sells! This stunning 4-bedroom, 2.5-bathroom with a separate family/media room, two-story home is the perfect place to call home. The spacious floor plan seamlessly blends tile and carpet, creating an inviting atmosphere, while the sunken living room's brick fireplace offers cozy nights in. The gourmet kitchen features ample cabinet and counter space, along with a separate formal dining area perfect for family gatherings. Retreat to your luxurious master suite with a wood beam vaulted ceiling, double vanity, separate tub, and walk-in shower. The family room is ready for entertaining, making it the ultimate spot for fun with friends and family. Step outside to a huge backyard featuring an oversized covered deck and mature trees - ideal for barbecues, relaxation, and play. Conveniently located near top-rated schools, shopping, dining, and recreation, with easy access to Loop 1604 and I-410. Also, the highly motivated seller is offering immediate equity for closing costs credit, rate buy-down, or repair credits.
You may be able to put down less than the total down payment amount of $76,464 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: #1799503