513 Chelson Hunt, Cibolo, TX 78108
4 beds · 3 baths · 2,453 sqft
Discover your dream home in Cibolo! This charming home, constructed in 2021, offers an inviting blend of modern design and convenience. Ideal for entertaining, the open-concept layout seamlessly connects the kitchen, dining, and living areas. Culinary enthusiasts will adore the kitchen's exquisite granite countertops, expansive island, ample cabinetry, and convenient gas cooking setup. Experience elegance with luxury vinyl plank flooring gracing the main living area, accentuating the high ceilings that amplify the open ambiance. The downstairs also features a sunlit office/study, perfect for working from home or enjoying leisure activities. The primary suite, strategically located on the first floor for ultimate privacy and tranquility, boasts generous dimensions, large windows, a ceiling fan, and plush carpeting. The en-suite bathroom is a haven with its double vanity, tub/shower combination, and an impressively spacious walk-in closet. Venture upstairs to explore the vast game room, ideal for family fun and relaxation, along with three sizable bedrooms, each equipped with ample closet space and ceiling fans. The secondary bathroom upstairs reflects generous proportions and functional style. The home's curb appeal is enhanced by its striking brick exterior and charming window shutters, while the backyard is an oasis of entertainment - featuring a covered patio and an extended deck with a pergola, perfect for gatherings. Located just minutes from downtown Cibolo, this home provides quick access to shopping, dining, and grocery stores. Enjoy the vibrant neighborhood amenities and picturesque walking trails, all while benefiting from proximity to I-35, 1604, and Randolph Air Force Base. Don't miss out on this exquisite property, where style meets functionality in a prime location! VA Assumable is available with a 4.5% Interest Rate!
Source: SABOR #1853646
Financials
Source: SABOR #1853646
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.