2622 SEAL POINTE, Converse, TX 78109
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.
You may be able to put down less than the total down payment amount of $20,908 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: #1777168