10674 PENELOPE WAY, Converse, TX 78109
Welcome to 10674 Penelope Way, a truly stunning property where elegance meets modern comfort. This exquisite home is meticulously designed to cater to all your needs, offering a perfect blend of luxury, functionality, and style. As you step into this beautiful residence, you are greeted by a grand foyer that sets the tone for the rest of the house. The open-concept living area is bathed in natural light, creating a warm and inviting ambiance. The spacious living room, with its high ceilings and is perfect for both relaxation and entertaining guests. The gourmet kitchen is a chef's dream, featuring top-of-the-line stainless steel appliances, custom cabinetry, and a large center island with seating. Whether you are preparing a casual meal or hosting a dinner party, this kitchen is equipped to handle it all. The adjacent dining area provides a seamless flow for entertaining and offers stunning views of the beautifully landscaped backyard. The master suite is a true retreat, boasting a spacious layout, a walk-in closet, and a luxurious en-suite bathroom. The bathroom is equipped with dual vanities, and a large walk-in shower, providing a spa-like experience. Additional bedrooms are generously sized, offering comfort and privacy for family members or guests. This home also features a versatile bonus room that can be used as a home office, media room, or playroom, catering to your specific needs. The laundry room is conveniently located and equipped with modern appliances to make chores a breeze. The outdoor space is equally impressive, with a large patio area perfect for alfresco dining and entertaining. The property also includes a spacious garage with ample storage space. Located in a desirable neighborhood, 10674 Penelope Way offers convenient access to top-rated schools, shopping centers, dining, recreational facilities, and I-10. The community is known for its friendly atmosphere and is a great home. Additional features of this home include energy-efficient windows, central air conditioning, and a security system, ensuring comfort and peace of mind. Don't miss the opportunity to make 10674 Penelope Way your new home. This property is a true gem and won't last long on the market. Reach out to us today to schedule a private showing and experience this home's luxury and convenience.
You may be able to put down less than the total down payment amount of $70,877 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1788331
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.