11815 Vance Jackson Rd Apt 501 Unit 501 San Antonio, TX 78230
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About this home
Nestled in the conveniently located and popular, gated community of Edgecliff NW is this great condo with more privacy than most, and mature trees throughout the neighborhood. Building E, Unit #501 is near the pool, but not so close that you're in the splash zone. This updated 2 bedroom, 2.5 bath home is flooded with light and features tile floors on the main floor and laminate flooring in the bedrooms, hall, and stairs. No smelly carpet here. There is a wood-burning FRPL in the step-down living room and pretty wood built-ins. The kitchen has warm granite counters, a large basin sink w/pull down faucet, lots of cabinets, a smooth cooktop stove, microwave, and a window box for growing plants or herbs. For casual dining, sit at the breakfast bar or enjoy the window view in the dining room with updated lighting. Upstairs features a skylight, vaulted ceilings, a cozy, covered balcony off the primary bedroom w/2 closets, and a large window seat in the secondary. Unique to this home compared to others, both upstairs bedrooms have en-suite bathrooms for comfort and extra privacy. There is a large storage closet under the stairs and an additional storage unit outside for all your extra holiday treasures. The HVAC and water heater have been replaced in recent years, and all appliances are included. The backyard features a partially covered patio, trees, and more privacy. Unit #501 includes a one-car carport/garage near the home's entrance. The monthly condo fees include water, sewer, trash, pest control & more. Edgecliff NW is conveniently located on Vance Jackson, near I10, Huebner Rd., Medical Center, USAA, shopping, restaurants, bus route transportation, and more. Lovely home with a great floor plan and style, ready for someone with an eye for design to make it their own. Seller will also consider assisting with closing costs.
Source: SABOR #1913448
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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