25827 Enchanted Dawn, San Antonio, TX 78255
5 beds · 6 baths · 4,409 sqft
Something for everyone!! Starting with Location Location Location, River Rock Ranch sits just a couple of miles off of IH-10 & Boerne Stage Road and this 5 Bedroom, 4 full bath w/2 half baths, a study, formal dining room, a game room, a separate media room, ceilings that seem to soar forever throughout but especially in the family room and kitchen area, this more than 4400 square foot home is now ready for you to make it your next home. Starting the moment you drive up, the dramatic roof lines accented by the brick & stone elevation, a tandem 3 car garage that includes 2 gas water heaters less than 3 years old, a newly replaced "brain" for the sprinkler system along with newly landscaped front yard and oversized back yard with fresh grass all are something you will want to come home to night after night. The floorplan itself has something for everyone as well and please be sure to checkout the floorplan layout available in associated docs. The downstairs of the wide open plan features not only 2 separate eating areas, but a private study, a spacious primary suite with separate sitting area and oversized closet that alone runs the entire length of the first floor. In addition, a completely separate bedroom with full bath privately tucked away on the opposite side of the home is perfect for that overnight guest or perhaps family member staying just a bit longer. The open floorplan with soaring ceilings greets you along with a large number of friends if you choose into the family/kitchen/breakfast area that serves as a focal point for amazing family and/or friends gathering for any special occasions or just a Sunday afternoon of watching sports. All appliances will convey, including the R.O. system, the refrigerator in the Laundry room along with the security system(with cameras) and the Ring Door Bell. As inviting as the first floor is the second floor offers its own spaces for everyone. 2 spacious bedrooms share a private "jack & jill" type bathroom while a third is service by it's own private bathroom. Your guests that might be enjoying the oversized game room or enjoying a movie in your own private theatre will also have their own half-bath so truly something for everyone upstairs as well and a perfect retreat place for those younger members of the family. If outdoors is your special place then the elevated covered patio, amazing large back yard with mature trees and fresh sod will be the perfect spot to enjoy the coming cooler nights and plenty of space if an inground pool is something you think might be in your future. The limited access of the community, highly rated schools of NSISD, the HOA amenities that include the pool area with lazy river and walking paths and it is easy to see how this community and this home truly do have something for everyone. Come see it today!! Easy to show and available for immediate move-in.
Source: SABOR #1819672
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Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: SABOR #1819672
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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 620, 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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