3717 Limestone Mesa, Schertz, TX 78154
3 beds · 3 baths · 2,318 sqft
VA Assumable at 3.25 Interest Rate! Welcome to your serene retreat! This beautifully maintained 3-bedroom, 2.5-bathroom home is nestled in a sought-after gated community, offering privacy, security, and an inviting lifestyle. As you step inside, you'll be greeted by an open and spacious floor plan, with abundant natural light and stylish finishes throughout. The living area flows seamlessly into the dining space and modern kitchen, making it ideal for both daily living and entertaining guests. The kitchen features updated appliances, generous counter space, and a breakfast bar. There is a flex room that could be used for dining room, office, or a play room. Upstairs, the primary suite offers a peaceful escape with a private en-suite bathroom, dual vanities, and a walk-in closet. Two additional bedrooms provide ample space for family or guests, each designed for comfort and functionality. The true gem of this property is the expansive backyard, which backs up to a lush, wooded area with access to scenic walking trails right out the back gate. Imagine morning walks or evening strolls just steps from your door, surrounded by nature. Additional features include a convenient half bath on the main level, and a two-car garage. This home is a perfect blend of comfort, privacy, and convenience-don't miss your chance to make it yours! Please note that there was a full kitchen/baths remodel, in 2019 along with multiple other upgrades! VA Assumable!
Source: SABOR #1822171
Financials
Source: Public records
Source: SABOR #1822171
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.
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 “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.