8710 Jack Bean St San Antonio, TX 78240
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About this home
This beautiful 1-story home is an absolute outdoor enthusiast's delight! Huge mature trees provide ample shade, and guests pass through a gated, private courtyard on their way to the front door. Inside, a true foyer leads to the formal dining space as well as the vaulted-ceilinged living room complete with brick fireplace. The back door leads to an east-facing covered outdoor living and dining space. A pathway leads further into the yard and to the detached structure, which functions beautifully as a studio, office, gym, home school, etc. The backyard also features an additional Tuff shed for storage, as well as a garden and feature that used to function as a rabbit hutch/chicken coop and a 3 bin composting system. The primary suite is split from the other bedrooms for privacy and features a vaulted ceiling and private access to the covered patio. Both bathrooms have been remodeled. A 2024-built steel carport provides additional parking options to the 2-car epoxy-floored garage with bump-out storage/work space. Rachio smart irrigation system installed in 2023, with all new irrigation lines, wiring, and foundation drip line. Google fiber! No carpet! Fresh interior paint (closets will be painted upon request when sellers vacate). The Wildwood community offers easy access to Mainland Trailhead, part of the popular Leon Creek Greenway Trail System! Newer windows, roof 2018, water softener 2020, a/c 2019, water heater 2018. Bedroom 3 not pictured.
Source: SABOR #1920017
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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.