18274 SHERWOOD TRL, Helotes, TX 78023
Located in the iconic area of Grey Forest, a unique and original cottage style home. This lovely home sits on almost one acre of land and backs up to a private greenbelt, surrounded by majestic oak mature trees that create a canopy over the home. The adorable original door is the perfect entry point, along with the rock walls and vaulted ceilings that conclude to the rarity this home possesses. Old meets NEW as you enter the KITCHEN!!! Kitchen remodel includes incredible backsplash, a new sub floor and insulation with a new raised ceiling. Kitchen boasts quartz and butcher block countertops, custom cabinets with pull out trash (fascinating) high-end appliances, dishwasher drawer, microwave drawer, new electrical and plumbing including a new gas line for the range. Amazing NEW walk in pantry with NEW custom soft close cabinetry, that include a very unique pull out cabinet specific for a cake mixer (super COOL) new built WALK-IN BUTLERS PANTRY, with additional storage and work space. MUST SEE newly renovated master bathroom and secondary bathroom, unique tile used for flooring throughout along with soft close custom cabinetry and quartz countertops, with KOHLER faucets that help create that modern appeal. Step outside and choose from several sitting areas that this home has to offer. When you venture you will find a cool hand dug well that you can create a wishing well out of, also outside you'll enjoy the other 1/2 acre where the old original barn is, this barn has served as a work area, additional storage, or a carport. Bring your RV or your boat, they can be stowed away here. Back inside there are three oversized bedrooms, new finished out closets that offer more storage/space, and one of the bedrooms can also be split into an office, these bedrooms are extremely unique in space. Refrigerator, washer and dryer convey. New window shutters convey too. This HOME is a MUST SEE, please bring your BUYERS. Amazing Neighborhood amenities please see all of the fun/cool enjoyments this neighborhood has to offer.
You may be able to put down less than the total down payment amount of $197,560 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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?
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1735169