5139 Longhorn Riv Converse, TX 78109
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About this home
Welcome Home to Comfort, Style, and Convenience! Step into this cozy home featuring high ceilings and sleek laminate flooring throughout the main living areas, creating an open and inviting atmosphere perfect for everyday living and entertaining. The chef-inspired kitchen includes granite countertops, a striking herringbone backsplash, stainless steel appliances, and an extended breakfast bar ideal for casual dining or hosting guests. Retreat to the spacious primary suite offering an oversized shower, dual vanities, and a generous walk-in closet. Upstairs, you'll find versatile flex space and well-appointed secondary bedrooms that offer comfort and privacy for family or guests. Enjoy outdoor living on the covered back patio overlooking a flat, usable backyard great for relaxing or play. Additional upgrades include a garage door opener, water softener, irrigation system, and more! Conveniently located just minutes from Loop 1604, Randolph AFB, shopping, dining, entertainment, downtown San Antonio and community amenities this well-maintained home is ready for YOU! Please have your realtor inquire about a possible VA to VA Assumable Loan with a 2.75 interest rate.
Source: SABOR #1890634
Loan details
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45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.