7043 Diamond Vly San Antonio, TX 78242
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About this home
**MOTIVATED SELLER - PRICED TO SELL FAST!- FHA ASSUMABLE LOAN 5.25% Rate** This stunning 3-bedroom, 2-bathroom residence sits on a premium oversized corner lot with complete privacy-no back neighbors to worry about. Step inside to find a thoughtfully designed layout featuring two comfortable bedrooms and a versatile flex space perfect for a home office, fitness room, media center, or game room-the choice is yours! Entertainment Ready-The heart of the home showcases an open-concept living area with soaring high ceilings and abundant natural light, creating the perfect atmosphere for gatherings and everyday living. Chef's Paradise-The well-appointed kitchen is a true showstopper, featuring: - Expansive island for cooking and casual dining - Abundant cabinet storage throughout - Premium appliances (all included- even the washer and dryer!) Primary Suite Sanctuary-Retreat to your private primary suite boasting: - Spacious bedroom with impressive high ceilings - Elegant bay windows flooding the space with natural light - Luxurious bathroom with soaking tub/shower combination - Convenient double vanity Outdoor Oasis Awaits The massive backyard is your blank canvas! The covered patio provides immediate outdoor living space, while the expansive yard offers endless possibilities for landscaping, entertaining, or recreation. Prime Location Perfectly positioned for convenience: - Close proximity to Lackland AFB, SeaWorld, and Downtown San Antonio - Easy access to major highways: 410, 1604, I-35, and Highway 90 - Quick commute to anywhere in the greater San Antonio area **Don't miss this opportunity! Seller has relocated and ready to make a deal. Schedule your showing today!**
Source: SABOR #1898603
Neighborhood
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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.