9610 Fountain Bnd, San Antonio, TX 78250
2 beds · 2 baths · 1,175 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Goldilocks was probably eyeing this house when she found one house too big and one house too small, because this house is juuuuust right. Both ample-sized bedrooms are situated at the back of this house on Fountain Bend, a quiet street tucked away from traffic and noise in New Territories on the northwest side. All you need is this 2 bed, 1.5 bath house with an attached 1.5 car garage, its fully fenced yard (with covered patio), and the totally sufficient living & dining space inside this beautifully updated cottage. The kitchen features granite countertops, stainless steel appliances, and GAS cooking with a modern aesthetic. ZERO carpet throughout, great for those who are bothered by allergies from the dust in carpet. This is a great first home, place to downsize, or an excellent addition for your investment portfolio. Easy access to shopping, highways, and all that San Antonio has to offer. Schedule your showing today!
Source: SABOR #1835049
Source: SABOR #1835049
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 and Equal Opportunity Act.