27450 Rio Cir, Boerne, TX 78015
3 beds · 2 baths · 1,781 sqft
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!
Source: SABOR #1709955
Source: SABOR #1709955
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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?
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.
MLS ID: #1709955
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.