23223 Treemont Park San Antonio, TX 78261
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About this home
Stop looking any further! You just found it. And it's VA Substitutable at 2.75 for the current loan balance. (Ask your lender for details) (Seller is also offering $10,000 towards buyer's closing costs) Situated on a quiet back street along a beautiful nature filled greenbelt. This fairy-tale like two-story home offers space and style in a master-planned, resort-style community. Come inside and you're greeted by a vast foyer and a breath-taking curling staircase that feels bright and open, leading up to a recently renovated upstairs recreation area. The upstairs which has a bathroom and walkin closet for each of the bedrooms and an open area which provides all sorts of possibilities is beyond comparison. There is a kitchen and butler's pantry which provides comfort and efficiency to the heart of the home - a kitchen made for cooking and gathering, with an island the size of Oahu. Complete with built-in stainless appliances, gas cooking, reverese osmosis water, and tons of cabinet space. The kitchen then opens into the fireplace equiped living room, where the current owner is leaving a fantastic TV for your family's and guests' entertainment. The formal Dinning area is now being used as an office but can be used as you desire. The primary suite is privately situated downstairs and feels like a vacation get-away; featuring a large walk-in closet and a spa-inspired bath with separate vanities, a garden tub, and an oversized walk-in shower that you'll fall in love with. Outside, the beautifully maintained, oversized yard and deck offer so much potential - install an outdoor kitchen, put in a pool, design the outdoor space of your dreams, or do all of the above. Quick access to Hwy 281 and close to the many amenities in North Central San Antonio area.
Source: SABOR #1911721
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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.