7103 Capricorn Way, Converse, TX 78109
4 beds · 4 baths · 3,007 sqft
Gorgeous drive up gives way to a stunning, 4-bedroom, 3.5 bath which sits on a cul-de-sac in the highly desirable Horizon Pointe Subdivision in the Converse, Texas area, just minutes to downtown San Antonio and conveniently located to Joint Base San Antonio Fort Sam Houston Army Base and Randolph Air Force Base. With space for everyone, this elegant single-family home has everything you need to make memories that will last a lifetime. At first glance, the immaculate property sits on 1/4 acreage with a brand new 9-month-old, updated roof and a sun-filled yard surrounded by meticulously groomed mature trees. Upon entrance, you are warmly greeted by high end floors, high ceilings, oversized windows and a floor plan seamlessly connecting the elegant main living room to the gourmet kitchen fit for a chef's dream. Meticulous attention to detail is presented in the kitchen with a Jenn Aire stove that has gas & electric connections, stunning granite countertops, kitchen island and ample cabinet and countertop space with customized backsplash. Adjacent to the living room, there's a cozy family room with a captivating stone-faced natural gas fireplace leading to the oversized master bedroom with a bay window and sitting area overlooking the backyard with a walk-in closet and master bath fit for a Queen. On the second level, you'll find another full bathroom and three additional bedrooms for ultimate flexibility for your family. At the heart of the home you'll find a media room to entertain friends and family for years to come. The room is fully wired for surround sound, is custom built for stadium seating, has remote control lighting and remote-controlled custom blackout curtains and has a built-in bar area that includes space for a refrigerator. The spacious backyard is one of the largest lots in the subdivision and has fruit trees and provides plentiful space for gardening and entertaining and has a custom built screened in porch that wraps around the length of the back of the home for relaxation, family time or to sit and daydream about future plans for that in ground swimming pool. As the ultimate convenience, the yard backs to the desirable James L. Masters Elementary and also has a beautiful custom shed built on site.
Source: SABOR #1797033
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1797033
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: #1797033
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