9006 JERSEY STONE, San Antonio, TX 78254
Welcome to your future home in the highly sought-after Valley Ranch community! This stunning 5-bedroom, 2.5-bathroom property offers a perfect blend of comfort and modern upgrades. The main floor boasts a spacious owner's suite with a luxurious bath, a large walk-in closet, and an open-concept living space that flows seamlessly from the gourmet kitchen to the dining and living areas. The kitchen is a chef's dream, featuring granite countertops, a large prep island with bar seating, a gas range, and a dedicated coffee bar. Upstairs, you'll find a huge bonus room, four additional bedrooms, and a full bath. The home is equipped with paid-off solar panels, an expanded driveway, and a screened-in porch that spans the full width of the home-complete with ceiling fans for year-round comfort. The garage also includes a new mini-split AC unit, making it a versatile space for any need. Valley Ranch offers an incredible lifestyle with amenities like a 24-hour fitness center, multiple pools, tennis and basketball courts, a playground, and scenic walking trails around a stocked pond. Plus, it's located in one of San Antonio's top school districts, with the elementary school just minutes away. Don't miss your chance to make this beautiful house your new home! Schedule a showing today.
You may be able to put down less than the total down payment amount of $123,612 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: #1800190