12050 Texana Cv San Antonio, TX 78253
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About this home
Just repainted the entire home. SOLAR PANELS WILL BE PAID OFF BY SELLER AT CLOSING TABLE! Unveiling Your Dream Home Oasis! Discover this 5 bedroom, 3 full bath home located in the highly desirable Alamo Ranch community. Imagine the peace of mind, knowing the foundation has been recently repaired in Feb 2023, securing your future with a transferable lifetime warranty. Embrace the power of sustainability with solar panels, a testament to modern living. Your outdoor haven has been rejuvenated with a newly installed sprinkler system and fresh, durable fencing embracing three sides of this cherished abode. Inside, revel in the luxury of a water softener, a modern essential for effortless living. Embrace the smart living era with a smart home thermostat, bringing convenience and efficiency to your fingertips. Rest easy knowing that the AC system is fully repaired, ready to provide the perfect climate. A roof that was tenderly replaced in 2017 adds an extra layer of security to your haven. Step into a world of aesthetics with newly installed, elegant tile flooring in the downstairs living areas, adding a touch of modernity and easy maintenance. The convenience continues with the inclusion of a washer and dryer that will convey, making daily chores a breeze. Indulge in a massive loft space upstairs, a canvas for your imagination. Step outside into the embrace of a covered patio, inviting you to create cherished memories under the open sky. This is more than a house; it's a reflection of your lifestyle, a testament to your dreams. Your future home awaits you!
Source: SABOR #1724092
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.