10674 Penelope Way, Converse, TX 78109
3 beds · 2 baths · 1,910 sqft
Seller is offering up to $10,000 in sellers concessions. 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.
Source: SABOR #1788331
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1788331
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 30-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #1788331
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