28758 BALCONES CRK, Boerne, TX 78006
Open House this Sunday 2-4pm! 9/8/2024 Indulge in the pinnacle of luxury living as you make the Estates section of Balcones Creek your new home. This regal brick residence exudes sophistication and style, offering breathtaking panoramic views from its elevated entrance. Nestled on a generous .5714-acre lot within the exclusive Balcones Creek Estates community, this home is conveniently located by the newest Fair Oaks HEB/shops at Lemon Creek Ranch and near the shops and restaurants in downtown Boerne. This neighborhood is also zoned for BISD's NEWEST Elementary school- Viola Wilson, open now. Crafted by Perry Homes in 2021, this single-level masterpiece encompasses 3,439 sq ft of living space, featuring four en suite bedrooms, a home office, formal dining, and a second living area. The expansive floor plan is thoughtfully designed for entertaining, with the formal dining room and eat-in kitchen seamlessly flowing into a spacious living room adorned with a 16' cathedral ceiling, a gas log fireplace, and oversized windows that flood the space with natural light. The gourmet kitchen is a chef's delight, boasting a sprawling center island, a breakfast bar, ample white shaker cabinetry, classic quartz countertops, undercabinet lighting, and high-end stainless-steel appliances, including a 5-burner gas cooktop. The primary retreat, strategically positioned for utmost privacy, features a vaulted/tray ceiling, a substantial walk-in closet, and a lavish spa bath with separate vanities, a walk-in shower with a bench seat, and a deep soaking tub to unwind in luxury. Three additional bedrooms, each with its private full bath, ensure comfortable living for all. Step into the vast fenced backyard, surrounded by mature trees, and relish in the serene ambiance on the extended covered patio-ideal for both quiet moments of reflection and lively gatherings. There is a gas hookup on the back patio, ready for your new gas grill. The level back lot awaits your vision for a future pool/spa, while the front entry steps create a charming seating area to savor the stunning Texas sunsets. Welcome to Balcones Creek Estates and your new luxury residence.
You may be able to put down less than the total down payment amount of $452,001 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: #1747948