5610 Stream Vly San Antonio, TX 78250
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About this home
Attention First Time Home Buyers, Renters, Down sizers and even Investors- Stop Paying Your Landlords Mortgage! Upgrade into the next level of comfort and convenience with this beautifully maintained 2-bedroom, 2.5-bath townhome with Low Maintenance, High Comfort! All You Have to Maintain is the Inside....the HOA does the REST, even the FRONT YARD! Designed for those who want more space, more style, and zero hassle. Two spacious bedrooms - perfect for roommates, guests, or a home office. Two full bathrooms plus a convenient half-bath downstairs Open-concept living & dining area. In-unit laundry & modern appliances. Private outdoor space. Assigned parking + guest parking Low-maintenance lifestyle - HOAs handles the hard stuff! Terrific recreation area with swimming pool. Great location: Minutes from shopping, dining, and easy highway access. Quiet community with friendly neighbors and well-kept grounds. Special Financing Rates may be available to those who qualify!!!
Source: SABOR #1879087
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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.