903 Fawnway, San Antonio, TX 78260
4 beds · 4 baths · 3,309 sqft
Welcome to this stunning home nestled within the highly sought-after Heights at Stone Oak Bent Tree neighborhood. This beautifully designed 4-bedroom, 3.5-bathroom residence offers an ideal blend of luxury and functionality, perfect for both entertaining and everyday living. As you step inside, you are greeted by an open and inviting floor plan that boasts a separate dining room, an additional family room, and a dedicated office space-perfect for working from home or pursuing personal projects. The upgraded island kitchen is a chef's dream, featuring gas cooking, abundant cabinet space, a built-in ZLine fridge, and a walk-in pantry. The breakfast area provides a cozy spot for casual dining, while the kitchen seamlessly flows into the spacious main living room. Here, you'll enjoy the warmth and charm of a stone/rock gas fireplace, creating the perfect ambiance for relaxing evenings. The expansive primary bedroom offers sitting room, and has direct access to the backyard for effortless outdoor living. The en-suite primary bathroom features separate vanities, a garden tub, and a glass walk-in shower, creating a spa-like experience at home. Upstairs, you'll find a versatile game room that serves as a central hub, separating the three guest bedrooms. Two full bathrooms ensure comfort and convenience for family and guests alike. Step outside to your own personal oasis, where you'll enjoy a covered patio, a sparkling pool with an adjoining hot tub, and mature trees that provide both beauty and privacy. The backyard also includes a shed for additional storage and a rainwater catchment tank that collects rainwater from the gutters-an eco-friendly feature that's both practical and sustainable. Additional highlights include a 3-car garage, a roof replaced in August 2024, and ample space throughout the home. This property combines elegance and comfort in one of San Antonio's most desirable communities. Don't miss the opportunity to make this incredible home yours!
Source: SABOR #1855244
Source: SABOR #1855244
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.