8558 Cherokee Rdg, Converse, TX 78109
4 beds · 3 baths · 2,858 sqft
Get a free consultation call with an expert in the mortgage assumption process.
We're excited to present this immaculate home that's ready to welcome its new owners! Nestled on a desirable corner lot, this property offers a spacious, open floor plan designed for both comfort and style. Built by Meritage Homes and meticulously maintained by the current owners, this home blends modern amenities with thoughtful details throughout. From the moment you step inside, you'll be greeted by an expansive great room, perfect for hosting gatherings or enjoying cozy evenings with the family. The large office space offers a quiet retreat for work or study, while the game room area is an entertainer's dream-ideal for game nights or casual hangouts. For movie lovers, the dedicated media room promises an immersive viewing experience. The chef-inspired kitchen boasts beautiful granite countertops, offering plenty of prep space for cooking enthusiasts. Ample storage throughout the home ensures that everything has its place. Upstairs, the generous room sizes provide room to grow, with each space thoughtfully designed to maximize comfort and functionality. This home is not just a place to live, but a place to thrive. Don't miss the opportunity to make this stunning Meritage-built gem your own. Schedule your showing today!
Source: SABOR #1838460
Source: SABOR #1838460
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.