9824 Meadow Way Converse, TX 78109
Your savings
About this home
Welcome to this charming 3-bedroom, 2-bath home in the established Cimarron Valley neighborhood of Converse - just minutes from Randolph Air Force Base and an easy commute to San Antonio and New Braunfels. Perfect for first-time buyers or anyone looking to downsize, this single-story gem offers a comfortable open layout, neutral finishes, and plenty of natural light throughout. The kitchen includes gas cooking, ample counter space, and a separate dining area that opens to the living room - ideal for gathering or entertaining. Enjoy a spacious primary suite with a private bath and two additional bedrooms. Partial garage conversion offers a Bonus room that can serve as a guest room or a home office. NO CARPET anywhere. Step outside to a fenced backyard with a covered patio - ready for summer BBQs, pets, or relaxing evenings. Conveniently located near shopping, dining, parks, and top employers, this home offers both comfort and convenience at an affordable price. VA and FHA buyers welcome! No HOA to contend with! Roof and porch replaced 2022, HVAC and appliances replaced 2023 and interior painted just before listing. This home is ready for you!
Source: SABOR #1918013
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
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.