2622 Seal Pointe, Converse, TX 78109
4 beds · 4 baths · 3,145 sqft
Welcome to this 3-sided stone home in the gated community of Horizon Pointe Premier Plus! This home offers wonderful curb appeal and a 3-car garage large enough to fit a 3/4 ton truck and an SUV! The stately entryway opens into a bright, spacious room with a high ceiling, suitable as a formal dining and living area. The entry room leads into a kitchen with painted cabinets, center island, updated stainless steel appliances, a breakfast nook, and wraps around into another living area with a ceiling fan. The downstairs primary suite includes a ceiling fan, bay window, tray ceiling, and a large bathroom with double sinks, separate tub and shower, and a walk-in closet. An open railing staircase leads upstairs to a large game room, three spacious secondary bedrooms, and two full bathrooms. The large, covered patio out back offers a great view of the big backyard. The AC system is under three years old. Additional amenities include a sprinkler system and a water softener that will convey. Community amenities are minutes away, including a pool, park/playground, jogging and bike trails, and an onsite elementary school. Randolph AFB and Ft. Sam Houston are both under 30 minutes away, making this home ideal for military personnel or anyone seeking proximity to these bases.
Source: SABOR #1777168
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1777168
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 45-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: #1777168
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.