409 Sabine Riv, Cibolo, TX 78108
3 beds · 2 baths · 1,635 sqft sqft
Welcome home to 409 Sabine River, a beautiful single story 3 bedroom 2 bathroom home with 1635 sq ft situated on an oversized lush corner lot in the highly desirable community of Red River Ranch in the heart of Cibolo, TX. Spacious open concept family room and eat-in kitchen is perfect for entertaining and complete with beautiful granite countertops, stainless steel appliances, classic white subway tile backsplash, and an oversized kitchen island will please the chef of the house. The private master bedroom suite is located off the family room and features desirable double vanity granite undermount sinks, large walk-in closet. Have your own spa day with your own garden tub and separate shower. Other key features include 9-foot ceilings, 2-inch faux wood blinds throughout the home, luxury vinyl plank flooring in the entry, family room, kitchen, and dining area with ceramic tile in the bathrooms and utility room, pre-plumb for water softener. After a long day relax in your spacious backyard perfect for summer cookouts, or sip on some sweet tea from your covered patio as you watch your children play in your lush, green grass. This home pertains to highly rated ISD schools. Being conveniently located near shopping, dining, easy access to major highways, minutes to Randolph AFB and nature park you won't have to venture far for entertainment. Make your appointment today to name this house a place you call HOME!
Source: SABOR #1780033
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1780033
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: #1780033
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.