813 Perugia, Cibolo, TX 78108
4 beds · 4 baths · 3,310 sqft
***VA Assumable at 2.625 interest rate*** Welcome to 813 Perugia! This stunning, beautifully designed home is a must see! This upscale neighborhood full of amenities is nestled in a perfect part of Cibolo easily accessible to shopping, schools and military bases. Backed up to a green-belt for extra privacy and relaxation, this home includes an upgraded oversized extended patio with privacy wall ... perfect for those Texas summers and BBQ's. Inside you will have all the room you need with two living areas, a game room and a media room (with all equipment included). All rooms are spacious with an open concept kitchen. With professionally designed accents throughout the home to add charm and many upgrades to include: wood look tile flooring throughout the entire 1st level, professionally painted kitchen cabinets with new backsplash and hardware, new light fixtures and fans; fresh paint throughout the house; added cabinets in the laundry room; underground drainage in backyard; 10X12 shed that compliments the house; 1 of 2 AC's replaced in 2020; water heater replaced in 2024; garage includes professionally installed storage racks; security system installed; media room includes wet bar, projector, screen, multiple speakers and receiver-all convey. Come see all that this one has to offer ... you will not be disappointed. :) **Sellers are offering a 2K carpet allowance**
Source: SABOR #1852924
Source: SABOR #1852924
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.