416 Landmark Fls, Cibolo, TX 78108
3 beds · 2 baths · 2,354 sqft
****BOM due to Original Buyer's Contingent Home Sale Out of State Falling Through. No Inspection Issues & Home Met Value on VA Appraisal.**** Welcome to this stunning 3-bedroom, 2-bathroom home that Features a versatile flex room set off of the Primary Bedroom perfect for your needs, whether you envision it as a Nursery, an Office, Study, a Play Area, a Homework Space, or a Hobby Room, this Home offers the flexibility to suit your Lifestyle. Located in the HIGHLY sought-after SCUCISD, with zoning to the renowned Steele High School, this home is perfect for families looking for Top-Tier Education Opportunities. Step inside to discover an open floor plan ideal for entertaining, featuring a spacious kitchen that is an Entertaining Chefs Dream. The Kitchen boasts a Large Island, perfect for meal prep and gathering with friends and family. Recent upgrades include replacing the carpet with sleek ceramic tile for a modern look and a fresh coat of paint throughout the home, giving it a bright and inviting feel. The Backyard is a haven for your four-legged family members, offering plenty of space to run and play. An oversized covered patio provides a perfect spot for relaxing on warm summer nights. With Ceiling Fans & Retractable Shades installed, you can enjoy this Outdoor Oasis year-round, staying cool and comfortable no matter the season. The Home also has In-Wall Pest Control Points as well a Home Water Softener. The Neighborhood Park is just around the corner along with Walking Trails that wind through the spacious Green Space. This home is truly a gem, combining modern updates with versatile spaces, making it perfect for any family. Don't miss out on the opportunity to make it yours!
Source: SABOR #1786394
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1786394
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: #1786394
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.