8150 Cheryl Meadow Dr Converse, TX 78109
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About this home
Welcome to your dream home! This beautifully maintained 3-bedroom, 2-bathroom single-story gem offers 1,862 sq. ft. of bright, open living space and effortless charm - all on a level lot with gorgeous curb appeal and no stairs to worry about! From the moment you arrive, you'll be impressed by the full 4-sided brick exterior and inviting layout. Step inside and enjoy a spacious open-concept floorplan that's flooded with natural light and perfect for both everyday living and entertaining guests. The heart of the home is the kitchen, complete with a large island, tons of cabinet space, and a walk-in pantry/laundry combo for ultimate functionality. The oversized living area flows easily into the dining space - ideal for game nights, dinner parties, or cozy evenings in. Retreat to the private primary suite, featuring a large walk-in closet and en-suite bath, while two additional bedrooms offer flexibility for guests, kids, or a home office. Need extra room? You'll love the converted garage space - perfect as a game room, media room, or second family room! Outside, relax or entertain under the spacious covered back deck, overlooking a peaceful yard with a storage shed and plenty of room to enjoy the outdoors. Nestled in a prime location near top-rated schools, The Forum shopping center, Randolph AFB, BAMC, and I-35, this home offers the perfect balance of comfort, style, and convenience. Don't miss your chance to own this one - schedule your showing today and make it yours before someone else does!
Source: SABOR #1885618
Neighborhood
45-day close guarantee
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.