3017 Muscat Way, Schertz, TX 78154
3 beds · 2 baths · 1,521 sqft
Discover the perfect blend of country charm and city convenience in this charming home located in the sought-after Orchard Park community in Schertz, TX! Nestled just minutes from San Antonio yet offering a peaceful, small-town feel, this home is also ideally situated near Randolph Brooks Air Force Base-perfect for anyone seeking easy access to major employers, shopping, and entertainment. Step inside to find a beautifully maintained 3 bed, 2 bath home with an open-concept design. The open living area flows seamlessly into the kitchen, complete with quartz countertops, ample cabinetry, and stainless steel appliances-ideal for entertaining guests or enjoying quiet family dinners. The spacious primary suite, featuring an ensuite bath and a generous walk-in closet. Additional bedrooms provide plenty of space for family, guests, or a home office. Outside, the private backyard offers a perfect space for relaxing or hosting summer barbecues under the Texas sky. Enjoy the small-town charm of Schertz with quick access to San Antonio's vibrant city life. Whether you're commuting to work, exploring local parks, or making the most of nearby shopping centers, this home is in a prime location for it all!
Source: SABOR #1851561
Source: SABOR #1851561
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.