5742 Butch Cyn San Antonio, TX 78252
Your savings
About this home
A charming home near the neighborhood park and close to Potranca Creek, this home is nestled in a quiet neighborhood with schools and access to Hwy90/Loop1604 in proximity. Less than 15 minute drive to Lackland AFB! This home boasts many upgrades and features. Garage is EV level 2 ready, kitchen has beautiful quartz counter tops, new stove, dishwasher, and microwave over cooktop. LG Fridge included is 18 months old! Water heater is less than two years old. AC is about 2 years old and is energy efficient, yielding low energy bills during those hot summer months. Ceiling fans throughout the home. The home hosts plenty of storage space including a generously sized pantry in the kitchen. Bedrooms feature walk in closets. The backyard is not to go unnoticed! A spacious covered deck perfect for entertaining, includes the wall-mounted TV shown and includes a lawn mower to maintain this space. The end of the property backs up to a green area with mature trees. Property is well maintained and more than inviting- come make this home yours today!
Source: SABOR #1913326
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.