9916 BRATTEN RISE, San Antonio, TX 78254
Assumable 2.75% rate ! Welcome! This stunning 4-bedroom, 2-bath residence, built in 2021, is located in a prime area within a vibrant and welcoming community. Enjoy modern living with energy-efficient solar panels. Step inside to find an open-concept layout adorned with contemporary finishes, high ceilings, and an abundance of natural light that creates a warm and inviting atmosphere. The spacious kitchen is a chef's delight, featuring a large island, sleek countertops, and ample storage, making it perfect for entertaining guests or hosting family gatherings. The adjoining dining and living areas provide a seamless flow, ideal for both relaxation and socializing. Retreat to the generously sized bedrooms, each offering comfort and tranquility. The master suite boasts a walk-in closet and a luxurious en-suite bathroom providing a perfect escape after a long day. The additional bedrooms are versatile, perfect for a growing family, home office, or guest accommodations. Outside, the community offers an array of amenities designed to enhance your lifestyle. Take a dip in the pool, host parties in the clubhouse, or enjoy a walk in the well-maintained park. This home is ideally situated close to top-rated schools, shopping centers, and a variety of dining options, ensuring convenience and ease in your daily life. With its perfect blend of modern amenities, thoughtful design, and prime location, this property is a rare find. Don't miss the opportunity to make this property your home! Experience the perfect balance of comfort, and community living. Schedule a viewing today.
You may be able to put down less than the total down payment amount of $52,850 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: #1788633