8902 Catkin Mdw, San Antonio, TX 78245
4 beds · 3 baths · 2,156 sqft sqft
If the home you've been searching for is a thoroughly and generously updated, 4 bedroom, 2 and a 1/2 bath, in a cul de sac, with a huge backyard, I've got the one for you!!! 8902 Catkin Meadow has so much to offer you and your family. Including a 2 car garage, an office downstairs, if you work from home this is kinda a big deal. The inviting entry offers an area to unload all your essentials, with built-in hooks to neatly hang your coats, bags, and accessories. The first floor is bathed in natural light and features the living area, a modern and functional kitchen, a dining area, a breakfast bar for casual eating, the office, and the laundry/pantry area. Upstairs, you'll find four spacious bedrooms with nice roomy closets and a full bathroom. The owner's suite is B-I-G and has two closets to use at your discretion one for shoes and one for clothes or one for winter clothes and one for summer etc....The Owners ensuite bath offers a separate garden tub and a roomy shower. Easy care flooring throughout the home, both upstairs and downstairs, minimizes cleaning. Outside, enjoy a fully fenced huge backyard, ideal for entertaining or relaxation. The HOA offers a well-kept and shaded playground with a walking path and a pond with plenty of entertaining ducks and geese. Easy access to Hwy. 151 and Loop 410 gives you quick access to so many restaurants of all flavors and dining options, shopping, hospitals, Joint Base Lackland, Southwest Research Institute, and Sea World! All just minutes away! Don't miss the opportunity to make this amazing house your home in Chestnut Springs Community.
Source: SABOR #1808810
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1808810
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: #1808810
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