7215 Echo Ridge Dr, Converse, TX 78109
4 beds · 2 baths · 1,986 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in a cul-de-sac, this charming 4-bed, 2-bath home offers the ideal blend of comfort and convenience. Spanning 1,986 square feet, the open layout creates a warm and inviting atmosphere that will make you feel right at home. Step inside and be greeted by the grandeur of vaulted ceilings, adding an airy elegance to the living spaces. The kitchen seamlessly opens to the living room, making it perfect for entertaining or enjoying quality time with loved ones. With two dining areas, you'll have ample space for both casual meals and special occasions. The property offers more than just interior charm; the backyard is a true oasis, featuring a large shed for all your storage needs and a delightful treehouse that promises endless adventures for the little ones. Plus, essential appliances like a washer, dryer, and refrigerator are included, making your move-in seamless and stress-free. Convenience is key in this prime location, situated close to schools, shopping centers, and military bases. Everything you need is just around the corner, ensuring that this home is not only a beautiful place to live but also perfectly positioned to meet the demands of everyday life. Schedule your viewing today and take the first step towards creating lasting memories in your new dream home!
Source: SABOR #1849402
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: SABOR #1849402
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.