6835 Alaskan Way, Converse, TX 78109
4 beds · 4 baths · 2,560 sqft
This inviting two-story home in Bridgehaven offers a spacious and functional layout. With four bedrooms and three and a half baths, the open floor plan is complemented by neutral tones throughout, creating a warm and welcoming atmosphere. The first floor features a versatile sitting room that can double as a home office. The open-concept living room flows seamlessly into the kitchen, which boasts a large island, breakfast bar, walk-in pantry, and gas cooking. Just off the kitchen, the dining room provides backyard views and easy outdoor access. The primary suite is also on the main level, complete with an ensuite bath featuring a soaking tub and walk-in shower. Upstairs, a loft offers additional living space, perfect for a game room, playroom, or media area. All secondary bedrooms are located on this level, providing privacy and comfort for family or guests. Step outside to enjoy the backyard, which includes a covered patio, a sprawling lawn, and a privacy fence-ideal for relaxing or entertaining. Conveniently located near shopping, dining, and everyday essentials, this home also offers easy access to Fort Sam Houston (20-25 minutes) and Randolph AFB (10-15 minutes). Schedule your personal tour today!
Source: SABOR #1842203
Financials
Source: Public records
Source: SABOR #1842203
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.