10343 Rosalina Loop Converse, TX 78109
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About this home
CLOSING COST ASSISTANCE + 2-1 BUYDOWN AVAILABLE WITH PREFERRED LENDER! Welcome to a show-stopping 5-bedroom, 3.5-bath home boasting 2,856 sq ft of thoughtfully designed living space in the desirable Paloma subdivision. This home is the definition of space, comfort, and functionality-perfect for entertaining, multi-generational living, and growing families alike! Step inside to a spacious formal dining room that welcomes you in and flows seamlessly into a chef's dream kitchen featuring gas cooking, TWO pantries, and one of the largest kitchen islands you've ever seen-ideal for hosting, cooking, or gathering around with family and friends. The open-concept layout continues into the oversized living room, offering multiple layout options and flooded with natural light. Downstairs, you'll find a private and oversized primary suite tucked away for ultimate privacy. It includes a luxurious bathroom with a stand-up shower, dual vanities, incredible storage, and an expansive walk-in closet. Upstairs feels like a home of its own with a huge loft that can double as a game room, media space, or second living area. Four generously sized secondary bedrooms are perfectly spaced out around the loft, giving everyone their own space to breathe-plus, there's even a second primary suite upstairs with its own full bath! This home offers great proximity to Randolph AFB, BAMC, Downtown San Antonio, HEB, shopping, restaurants, and convenient access to 410, 281 and I-35. ** Washer, dryer, and refrigerator are negotiable with the right offer.** Schedule your tour today-this one checks every box!
Source: SABOR #1910697
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.