6955 Shiraz Way, Converse, TX 78109
3 beds · 2 baths · 1,524 sqft sqft
Let's pay your closing costs or take a big price reduction!!! $260,000 sales price or enjoy $15,000 flex cash at a $275,000 purchase price (STILL PRICED BELOW APPRAISAL VALUE)!!! Priced below Bexar county appraisal value! Notice the large covered patio not generally seen in this price point and additional storage shed and slab on the side of the house! Great value at this price. Discover the perfect blend of comfort and convenience in this charming home offering well-designed living space. This inviting property boasts a large covered patio, ideal for relaxing or entertaining year-round. Enjoy the practicality of extended side yards equipped with gates on both sides of the house and an extra slab with shed storage for all your organizational needs. Step inside to find a stylish island kitchen with room for barstools and a sleek backsplash that adds a touch of elegance all opening to the living and dining room. Enjoy the spacious primary suite with a bay window providing a seating area and plenty of natural light. The home is equipped with 2 storm doors for enhanced protection and energy efficiency. This home is conveniently close to Randolph AFB and an easy commute to Fort Sam Houston or downtown with both 1604 and I10 near by. This house is truly a gem, ready to offer comfort and functionality for years to come.
Source: SABOR #1804614
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1804614
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: #1804614
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.