29570 Red Bud Hl, Boerne, TX 78015
6 beds · 7 baths · 6,079 sqft sqft
Experience the epitome of luxury living in the exclusive Raintree Woods community of Fair Oaks Ranch. This magnificent estate, set on a double lot spanning 2 acres, is a perfect blend of elegance, comfort, and functionality. Featuring both a main house and a guest house, this property is designed to meet all your needs. Thats right, you get two houses for the price of one!!! Each home has its own designated driveway and garages. They also are metered separately for utilities. The main house offers 4,539 sq ft of stunning living space, including four bedrooms and three and a half bathrooms. The master suite is a private sanctuary with a deck and built-in hot tub, offering spectacular views. The additional bedrooms are versatile, with one serving perfectly as a home office. The home features an open floor plan with wood-like tile flooring, a sunroom, and an upstairs loft/game room complete with Murphy beds. The spacious kitchen and dining areas are ideal for entertaining, and the three-car garage provides ample storage space. This home is equipped with solar panels, ensuring energy efficiency and cost savings. The outdoor area includes a large pool, perfect for enjoying sunny days in a serene setting. The guest house or mother in law suite, with 1,540 sq ft, includes two bedrooms and three full bathrooms, offering comfort and privacy for guests or extended family. It has its own separate driveway and a four-car garage, ensuring independence and convenience. Situated in a gated community with 24/7 guard services, this estate offers security and a prestigious address. The expansive grounds provide ample space for outdoor activities and recreation. Make this luxurious Fair Oaks Ranch estate your new home. Embrace a lifestyle of elegance, convenience, and unparalleled comfort in this stunning residence.
Source: SABOR #1784077
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1784077
Source: Public records
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: #1784077