7902 Deepwell Dr San Antonio, TX 78254
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About this home
Want a home fit for all of your needs? This model home look alike could be yours! Nestled on an oversized corner lot, it is located in a quiet neighborhood in the sought out Alamo Ranch area, great schools located within Northside ISD, and a one year old custom inground pool from Cody Pools with a robot cleaner, cool decking throughout the entire patio and pool surroundings and extended patio space to create your beautiful backyard oasis. This home is your dream! It has 4 bedrooms, 3 full bathrooms, another 1/2 bath for guests, game room, theater room, and an office/dining room with one of them being a jr. suite. Upgrades are endless! The kitchen has new quartz counter tops with a waterfall edge island, antique mirrored backsplash, under cabinet lights and plugs, pot filler for the cook, farmhouse sink with motion sensored faucet, large walk in pantry and a new space saving (full) microwave with a powerful hood system, a chef's dream. The 20 feet ceilings in the located in the living room for a grand look. Floor plugs on 1st and 2nd floors. Upgraded modern lighting/chandeliers throughout. New carpet and engineered wood flooring throughout 2nd floor. The 2nd story has completely new flooring which includes engineered wood floors. Have an electric vehicle? No problem. You can charge at home with your EV station. Need extra storage? Your smart 2.5 car garage can accommodate all of that. a water softener is included. There is so much to list! This is truly a must-see and will definitely sell quickly! Please verify measurements and school information.
Source: SABOR #1881589
Loan details
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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.