VA loan
1 of 50
VA loan
$865,000

6407 TALLOW WAY, Converse, TX 78109

5 beds · 6 baths · 4,724 sqft

Stunning French Country Home in Pristine Community! Welcome to your dream home, a former model residence that epitomizes elegance and luxury. Nestled within a charming small community with exclusive entry and exit points, this gorgeous French Country-style estate offers unparalleled amenities and a prime location. This expansive home features 5 bedrooms, 4 full bathrooms, and 2 half bathrooms, designed to accommodate your lifestyle with grace and comfort. The study provides a quiet sanctuary for work or relaxation. As you step through the double entry doors, you are greeted by an open foyer boasting 21-foot ceilings and a magnificent curved iron staircase, setting the tone for the grandeur that awaits within. The heart of this home is its gourmet kitchen. Upgraded with high-end stainless steel KitchenAid appliances, including a 6-burner gas cooktop, it's designed for both everyday meals and culinary masterpieces. Custom cabinets provide ample storage, while granite countertops offer both beauty and functionality. The master bedroom is a haven of tranquility, featuring double tray ceilings with crown molding. The master bath offers separate vanities, a dedicated makeup area, an all-tile shower, and a luxurious 6-foot drop-in tub. This suite is designed to be your personal retreat. Enjoy countless hours of fun and entertainment in the dedicated game and media rooms. Whether it's game night or movie night, this home provides the perfect venue for making memories. Step outside to your large covered patio, complete with recessed lighting and pre-plumbed for gas, making it ideal for outdoor cooking and entertaining. The huge yard, over half an acre in size, features a sprinkler system and offers endless possibilities for gardening, play, or simply enjoying the outdoors. Situated close to Randolph AFB, BAMC, and Downtown, this home offers convenience for both work and play. The small, gated community ensures a peaceful environment with added security and privacy. Hardwood and Tile Floors: Elegant and durable flooring throughout the home. 3-Car Garage: Ample space for vehicles and storage completed with a minisplit, epoxied floors and its own 1/2 bath. Porte-cochere: Adds a touch of sophistication and provides additional covered parking guarded by an electric iron gate. Don't miss the opportunity to own this exquisite property that combines luxury living with practical convenience. Schedule your exclusive viewing today and step into a world where every detail reflects quality and craftsmanship.

Interest rate 3
2.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,895
With Roam
$4,337
Reduce your monthly payments by $1,442 when you assume this mortgage.
You also save $467,259 in total interest paid.

$203,281
Edit

You may be able to put down less than the total down payment amount of $203,281 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.

Location

Details

Home
Size
4,724 sqft
Lot size
0.604 acres
Year built
2016
Loan
Remaining term
27 years
Rate
2.75%
Monthly P&I
$2,895
Remaining loan balance
$661,718

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

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.

Will an assumption work for me?

An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Sep 18, 2024 09:07 am
Listing agent: Juan De Leon (210) 379-0236
Listing provided courtesy of: eXp Realty (888) 519-7431
Details provided by SABOR and may not match the public record.
MLS ID: #1783906
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the San Antonio Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Everystate, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 San Antonio Board of REALTORS®. All Rights Reserved.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,895/mo
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