12618 Prude Rnch San Antonio, TX 78254
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About this home
?? Assumable VA Loan at an Incredible 2.375% – Rare Opportunity! ?? Dreaming of the perfect home on the right side of town? This stunning 4-bedroom, 2.5-bath home in San Antonio’s highly desirable Stillwater Ranch community has it all. Built by Imagine Homes with energy efficiency in mind, this thoughtfully designed home features an open-concept layout with soaring ceilings, elegant wood floors, and ceramic tile throughout the main level. The first floor offers a private study, formal dining room, spacious family room, kitchen, and utility room with washer/dryer connections. Upstairs, you’ll find all four bedrooms along with a second living space, ideal for relaxation or play. Recent upgrades include a brand-new roof, a tankless water heater, and a water softener—all included! The home has also been freshly touched up and repainted (photos shown are prior to updates). Zoned to some of the top schools in Northside ISD, with the elementary school conveniently located inside the community, this home is perfectly positioned near major highways, grocery stores, and local restaurants. With an assumable VA loan at just 2.375%, this is an incredible opportunity for qualified buyers to secure long-term savings. Move-in ready and waiting for its next owner—come see why this home is truly a standout in Stillwater Ranch!
Source: ACTRIS #6948756
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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.