VA loan
1 of 115
VA loan
$1,849,000

128 Sabine Rd, Boerne, TX 78006

6 beds · 5 baths · 8,512 sqft sqft

Nestled just minutes from downtown Boerne, offering 40 miles views, this sprawling 15.608-acre unrestricted and very private property boasts a majestic 8,512 sq ft multi-generational home with 6 bedrooms and 4.5 bathrooms, offering both Texas Hill Country living and short-term rental potential. Step into the grand entryway adorned with white rock walls and a stunning wood-paneled ceiling, leading to a bright living area with high vaulted ceilings featuring wooden beams and richly stained planks. Large windows flood the room with natural light and adjoin a dining space. The kitchen is equipped with an island, ample counter and cabinet space, and is designed for both cooking and entertaining. It seamlessly flows into the formal dining room under a vaulted ceiling crafted from dark, rich wood, surrounded by a wall of windows that offer panoramic views of the hill country. The expansive primary suite impresses with its own vaulted ceilings and includes an ensuite with a walk-in shower, garden tub, dual vanities, and abundant natural light. A loft above the suites provides a perfect spot for an office or flex space, alongside an additional bonus room. The finished basement, currently a sophisticated wine room, features wood planks and epoxy floors-ideal for entertaining. The second wing of the home offers separate living quarters, perfect for Airbnb use. A living space, complete with a fireplace, flows into the dining space and kitchenette, complete with gas cooking. The first floor offers two bedrooms and two bathrooms, while the upstairs has three additional bedrooms and a bathroom. Additionally, the upstairs features a seating room and a balcony with gorgeous views. Outside, the covered porch and deck offer a gas grill and spectacular views of the Texas Hill Country, stepping down to a firepit area and gazebo-all set against the backdrop of your private 15.608 acres. Located in the highly acclaimed Boerne ISD, this home combines peaceful, rural living with proximity to urban conveniences, ensuring a lifestyle of serene luxury and practicality.

Interest rate 3
2.375%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,780
With Roam
$2,892
Reduce your monthly payments by $1,112 when you assume this mortgage.
You also save $349,303 in total interest paid.

$1,432,915
Edit

You may be able to put down less than the total down payment amount of $1,432,915 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
15.608 acres
Year built
1989
Type
Single Family Residence

Source: SABOR #1785913

Loan
Remaining term
26 years, 2 months
Rate
2.375%
Monthly P&I
$1,780
Remaining loan balance
$416,084

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

expand content

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.

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Last updated: Nov 21, 2024 12:31 pm
Listing agent: Halvin Gahm
Listing provided courtesy of: Keller Williams Boerne (830) 816-3500
Details provided by SABOR and may not match the public record.
MLS ID: #1785913
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the San Antonio Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Everystate, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 San Antonio Board of REALTORS®. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,780/mo
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