27450 RIO CIR, Boerne, TX 78015
Assume the VA mortgage at 5.625%!!!! This seller has a VA loan you can assume and it makes the payment similar to a $397k purchase price. Come see this meticulously maintained home in the community of Stonehaven, which is served by Boerne ISD! The house is situated on an oversize corner lot on a cul-de-sac, and sits atop a ridge which lends to amazing sunrise views and wonderful evening breezes. As you walk in the front door of this hill country home, you enter an open-concept Great Room with tile flooring throughout and full of natural light, where the Kitchen, Dining Room, and Living Room blend together creating a spacious, yet cozy gathering space for quality time with family and friends. The kitchen is appointed with granite countertops, 42" upper cabinets, a huge island, stainless steel appliances, and a gas stove which is ideal for the family chef. Just off the Great Room, you'll find the Owner's Retreat with bay window and a bathroom featuring shaver height dual vanity, a glass-enclosed shower, and a garden tub which all create a tranquil setting. The home is a split floor plan design with two additional bedrooms, bathroom, office, and a dedicated laundry room. The backyard has been graded with a gravel patio ideal for a fire pit and other outdoor activities. Located near Leon Spring, it's just a short drive to both San Antonio and Boerne by easy access to IH-10. Major conveniences like HEB and Wal-Mart are located nearby, as well as fine dining, city parks, medical centers, and other important amenities. Come and tour this stunning home today!
You may be able to put down less than the total down payment amount of $17,244 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: #1709955