9323 Chattanooga Dr San Antonio, TX 78240
Your savings
About this home
This is a potential short sale that has not been approved yet. Please submit all offers. Prime location near medical center - upgrades started, seller financing available! Don't miss this rare opportunity to own a well-located 4-sides brick home in the heart of San Antonio - just minutes from the Medical Center, within 20 minutes of Lackland AFB, 10 minutes from Six Flags, and 15 minutes from SeaWorld. Whether you're a homeowner looking to customize your space or an investor seeking long-term potential, this property is full of possibilities. Seller financing is available with $35,000 down, making this an accessible option for buyers ready to take the next step without the hassle of traditional lending. Key upgrades have already begun, including a new refrigerator, stove, AC unit, and water heater. The primary bathroom is beautifully updated featuring a whirlpool tub, separate shower, double vanity, and a large walk-in closet. Home features include: split-primary floor plan with high ceilings, skylight at the entry and abundant natural light throughout, two spacious living areas, one with a gas fireplace, Florida room, built-in desk area, charming bay window in the dining room, solar panels, water softener system, two car garage with opener. The second bathroom is mid-remodel, offering a perfect chance to add your finishing touches and create instant equity. With solid bones and a flexible layout, the home is ready for cosmetic updates to bring out its full potential. Whether you're flipping, holding as a rental, or settling in, this home offers location, layout, and long-term value - all with the added benefit of flexible financing terms. Schedule your showing today and explore the possibilities! Buyer to verify all schools and room measurements.
Source: SABOR #1877102
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.