12322 Magnolia Spg San Antonio, TX 78253
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About this home
Welcome to 12322 Magnolia Spg. - Where Elegance Meets Everyday Comfort and Elevated Style in the Heart of Alamo Ranch! With an unbelievable assumable VA Loan available, why wait to build when you can own this move-in-ready luxury gem today. Dreaming of a home with space to breathe, entertain, and enjoy the Texas lifestyle? Look no further than this 4-bed, 2.5-bath beauty in highly sought-after gated Summit at Alamo Ranch community priced to sell! Step into luxury, comfort, and convenience in this immaculately well maintained mason with sided brick exterior, soaring ceilings, and premium upgrades throughout, this residence offers the perfect balance of elegance and everyday functionality. Interior Highlights includes:Bright open-concept layout with two living areas, formal dining, and a private office with French doors. Chef's kitchen features stainless steel appliances, gas cooking, granite countertops, a large island, and ample storage. Theater room fully equipped with seating, a 6' x 11' screen, projector, speakers, and receiver - perfect for movie nights or game days. Oversized primary suite with spa-like bath: dual vanities, soaking tub, shower with seating, and a jaw-dropping walk-in closet. Spacious upstairs game room and three secondary bedrooms, all generously sized for comfort. With the outdoor oasis, enjoy privacy and relaxation on the large, screened-in, covered patio, surrounded by no backyard neighbors. The property features a shed and retaining walls. Oversized lot with endless potential for entertaining, gardening, or play. For community Perks, The Summit at Alamo Ranch offers a lifestyle like no other, featuring: Clubhouse, pool, tennis & basketball courts, Walking trails, playgrounds, and family-friendly amenities. Some of the Location Benefits include: Minutes from SeaWorld, Six Flags, La Cantera Mall, and Alamo Ranch shopping/dining. Close to top-rated public and private schools. Easy access to major employers and highways. Why wait to build? This move-in-ready gem offers immediate equity and unmatched upgrades. Don't miss the chance to make this beauty your forever home. Schedule your private showing today and fall in love with everything this property has to offer!
Source: SABOR #1908890
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.