281 Hermine Blvd San Antonio, TX 78212
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About this home
Welcome to this charming and Historic Olmos Park Terrace home, where comfort and style come together in a thoughtful single-level layout crafted to last the hands of time like they were built back in the old days! Entirely renovated including back in 2020: HVAC & water heater. New double pane windows, Fiber Optic & LED lighting! Sunlight pours through every room, highlighting the high ceilings, ceiling fans, and beautiful hard wood flooring that flows seamlessly throughout. The living area invites you to gather with family and friends, cozy up to the wood-burning fireplace on cooler evenings, or enjoy meals together in the separate dining room or at the breakfast bar. The kitchen makes cooking a joy while staying connected to loved ones. Did we mention you have an electrical hook up outside in your extended oversized yard for a casita or pool or RV parking? Outside of the home, you'll enjoy easy access to shopping, dining, and nearby parks, everything you need is just around the corner. This home isn't just a space to live; it's a place to make memories. Schedule a showing today and see why it feels so special in person!
Source: SABOR #1920538
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
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.