27511 Nichols Pass, Boerne, TX 78015
3 beds · 2 baths · 2,071 sqft
Welcome home to this gorgeous 3 bedroom, 2 bath home with an office/study in the Gated Community of Ridge Creek! This home is stunning with beautiful finish outs! Interior features hardwood floors throughout with high ceilings, open floor plan and lots of natural light. Expansive kitchen with 42" cabinets, granite countertops, built-in oven and microwave, island with cabinets and extra cabinets and buffet in Eat-in Kitchen area. Large laundry room with space for a deep freezer. Split floor plan offers two, secondary bedrooms along with the office/study that could be used as a 4th bedroom on one side of the home. Primary Bedroom is spacious with high ceilings, lots of windows for natural light and an on-suite bathroom. Primary bathroom has separate shower and garden tub, double vanity and a great sized primary closet! Exterior features 4 sides brick with stone, beautiful landscaping in front yard and back with sprinkler system. Huge Covered Patio with a remote controlled retractable screen, along with an additional patio in the backyard with beautifully stamped and stained concrete. This backyard is beautiful with the greenspace behind the home. Easy access to I-10, Loop 1604, restaurants and shopping! Close to the RIM, La Cantera, USAA, Camp Bullis, Valero Energy, UTSA, Medical Center, Fair Oaks Ranch and downtown Boerne! Located in the very sought after Boerne ISD!
Source: SABOR #1847785
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: SABOR #1847785
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.