9113 Longhorn Park Converse, TX 78109
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About this home
Introducing a stunning residence built by Lennar in 2017, showcasing the sought-after "Abbey" layout. Nestled in the picturesque community of The Parc at Escondido, located in northeast San Antonio, this home offers a versatile flex room perfect for an office or additional living space. This thoughtfully designed dwelling features three spacious bedrooms, a flex room, and two full bathrooms, along with a convenient two-car garage. The open-concept floor plan creates an inviting atmosphere, while the kitchen boasts ample counter space and modern black appliances, including a recently purchased gas range, dishwasher and microwave. Stylish 2-inch faux wood blinds adorn every window. The generous master suite provides a tranquil retreat with its separate shower and soaking tub, as well as double vanities for added convenience. Step outside to the covered back patio, perfect for outdoor gatherings, and enjoy the benefits of a sprinkler system and durable vinyl wood flooring throughout the main living areas, with cozy carpet in the bedrooms. Energy efficiency is ensured with a tankless water heater, and a home warranty will be transferred to the new owner for peace of mind. Residents of this community enjoy fantastic amenities, including a large swimming pool, covered picnic area ideal for gatherings, basketball and volleyball courts, playgrounds, and much more. Don't miss the opportunity to call this beautiful home your own!
Source: SABOR #1882116
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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.