622 Chambers Rnch San Antonio, TX 78245
Your savings
About this home
Exceptional Living in Weston Oaks - Assumable Loan Opportunity! Seize the rare chance to step into homeownership with favorable loan terms through an assumable mortgage-available with lender approval and an acceptable down payment. A smart move offering both financial flexibility and long-term savings! Tucked away in a peaceful cul-de-sac within the highly desirable Weston Oaks community, this immaculately maintained one-story home features 3 spacious bedrooms, 2 full bathrooms, a dedicated home office, and an oversized 2-car garage complete with heavy-duty, load-bearing storage shelves for maximum functionality. With approximately 2,250 sq. ft. of beautifully designed living space, you'll find elegant upgrades throughout-including new carpeting, custom finishes, and expansive walk-in closets. The heart of the home opens seamlessly to an entertainer's dream backyard with a covered patio, outdoor ceiling fans, built-in surround sound speakers, and epoxy-coated flooring for durability and style. Additional standout features include a cozy fireplace, smart home alarm system, and super-efficient solar panels, ensuring energy efficiency and reduced utility costs. Located in the top-rated Northside ISD and just minutes from major highways, shopping, dining, and entertainment, this home offers the perfect blend of luxury, comfort, and convenience. Don't miss this exceptional opportunity-explore the benefits of assuming a well-positioned loan in today's market!
Source: SABOR #1852098
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.