31740 Meander Ln, Bulverde, TX 78163
3 beds · 2 baths · 1,988 sqft
**Ask about the VA ASSUMABLE LOAN, LOW INTEREST RATE!** Hill country living, Amenities galore, Single Story Floor Plan!! Fantastic floor plan with TONS of UPGRADES from the built in fireplace, porcelain tile throughout, updated baseboards and door casings, GENERATOR HOOK UP, and so much more. Charming layout allowing for entertaining with the great room including the kitchen, dining, and living combination. Also included is a flex room or study that can function as a second living space or gym!!! The farmhouse kitchen includes a HUGE ISLAND, white cabinets, side bar for serving, and a walk in pantry adorned with a custom door. The living room features a custom made fireplace that was built to fit a 75" TV. The primary bedroom is perfectly situated at the back of the home for added privacy and includes an accent shiplap wall, huge walk in closet, and massive walk in shower. Enjoy the outdoors under the covered patio on sunny days or kickball in the nice sized yard. The 3 car garage is great for the car enthusiast!!! Enjoy living in Hidden Trails and the amenities offered. Utilize the jogging trails with Fido, enjoy the park and playground with the family, hit the gym, or go for a swim. This community has it all. Stunning scenery including a catch and release pond! Award winning schools, sports court, and events center. Did I mention that it is also just minutes from San Antonio, Canyon Lake, and New Braunfels.
Source: SABOR #1837526
Financials
Source: SABOR #1837526
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.