1235 Cibolo Trl Universal City, TX 78148
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About this home
Spacious and eclectic one-story home sprawled out on over 1/2 an acre and situated in sought-out Rose Garden! This OPEN FLOOR concept design is loaded with character & artistic details throughout from the custom wainscoting, custom color palate, and modern light fixtures, to the gleaming wood tile throughout for easy maintenance (no carpet)! This stunning chef's kitchen is anchored by a massive kitchen island and boasts granite countertops, new oven, stainless appliances, and a breakfast area. New HVAC, New water, new vanities & new ceiling fans! Highlights include a formal dining, huge laundry room with additional storage, a separate den or a second living area perfect for a game room, office, or work out room---not to mention a big detached 4 car garage! Extra parking with slab for RV. Large open living area offers fantastic views & great indoor-outdoor flow that leads to a huge tranquil backyard with mature shade trees, covered patio, pool with diving board, plus plenty of space for trampolines, playscape, and hosting spectacular summer parties guaranteed to impress friends and family! Quick commute to Randolph Air Force Base, The forum shopping center, IKEA, Cibolo Creek primitive trail, Universal City park and so much more! Schedule your tour now!
Source: SABOR #1922928
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.