7327 Lunar Eclipse Converse, TX 78109
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About this home
Hey there, future homeowner, let me introduce you to this stunning gem nestled in the heart of Horizon Point, perfectly located near I-10, Ft Sam Houston and Randolph Air Force Base. This elegant four-bedroom, 2 1/2 bath residence sits in center of cul-de-sac and offers not just four walls, but a lifestyle of comfort and sophistication. As you step inside, you're welcomed by a spacious open-concept living, dining, and kitchen area that's the heart of the home. It's ideal for hosting and entertaining guests, all while enjoying picturesque views of the expansive backyard through large windows. Imagine summer barbecues or a serene morning coffee with the sun rising just for you! Each bedroom is generously sized, offering huge spaces perfect for winding down after a long day. The massive master suite is your own personal retreat, boasting an opulent bathroom that's your private spa. But wait, there's more! Venture upstairs to discover a massive loft area that could serve as a family/media room, an office, or a cozy hangout space. The two additional upstairs bedrooms are complete with walk-in closets and a full bath, ensuring everyone has their own private oasis. This home offers the tranquility every family desires. It's priced to sell and eagerly awaits its new owners to start a new chapter filled with laughter, love, and cherished memories. Ready to make this dream home your reality? Let's turn those keys to happiness!
Source: SABOR #1898427
Neighborhood
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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.