Welcome to 22817 Linwood Ridge, a stunning, like-new home offering an incredible opportunity for ownership. Situated in a highly desirable area, this home is surrounded by natural beauty and a thriving community. Let us delve into the details that make this property exceptional: Step inside to discover a spacious, well-designed interior. The open floor plan seamlessly integrates the living, dining, and kitchen areas, creating a perfect space for relaxation and entertaining. Large windows allow an abundance of natural light to fill the rooms, creating a warm and inviting atmosphere. The elegant kitchen is a chef's dream, boasting modern appliances, ample counter space, and an island that serves as a central hub for culinary creativity. Whether you are hosting a dinner party or enjoying a cozy family meal, this kitchen is sure to inspire your inner chef. The master suite is a serene retreat, offering a private oasis of comfort. With its generous size, private balcony with breathtaking views, walk-in closet, and a luxurious bathroom, it provides the ideal place to unwind after a long day. Additional bedrooms are well-appointed, providing versatility for guest accommodation, a home office, or a hobby room. The well-maintained bathrooms offer modern fixtures and finishes, ensuring both style and functionality. Venture outside to discover your own piece of paradise. The property features spacious outdoor retreat, perfect for outdoor activities, gardening, or simply enjoying the beauty of nature. The patio or balcony area provides an ideal space for al fresco dining or lounging while taking in the serene surroundings. Located in a coveted neighborhood, this home offers convenient access to amenities, including shopping centers, restaurants, parks, and recreational facilities. Nearby schools are renowned for their academic excellence, ensuring a quality education for your family. Don't miss the chance to make 22817 Linwood Ridge your new home in greater San Antonio, TX. Schedule a private tour and explore the endless possibilities that await you in this remarkable property.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
