516 AMBER CRK, Cibolo, TX 78108
Come check out this gorgeous home in the amazing new Steele Creek community of Cibolo. This Salerno floorplan has 2 stories and offers 5 bedrooms, 3.5 bathrooms, and a dedicated office within its 2,859 square feet. Ideal for those seeking ample living space, the home provides comfort and versatility with its well-designed layout. As you enter the home, you're greeted with 9-foot-high ceilings and a study with French glass doors off to the right. Continue down the foyer to an open-concept floor plan lined with upgraded luxury vinyl plank with large eat-in kitchen that includes an expansive island with granite countertops, gas cooking, sleek Stainless-Steel appliances, and a charming breakfast nook/dining room that extends to a covered back patio. The kitchen flows into a very large living room, perfect for entertaining! Just off the living room, you'll find a utility room and half bath for convenient accessibility. A private hallway off the living area leads to the primary bedroom that features a spacious ensuite including walk-in shower with separate tub, double vanities, and walk-in closet. The second floor offers a large game room at the top of the stairs. Four secondary bedrooms with 2 Jack and Jill bathrooms are located just off the game room. The star of the show is the the outdoor yard space, as the home sits on an extra-large corner lot of 0.23 acre, perfect for outdoor activities and relaxation while the full yard irrigation system ensures easy maintenance of landscaping. In this DR Horton home, you'll enjoy added security with their Home is Connected features. Using one central hub that talks to all the devices in your home, you can control the lights, thermostat and locks, all from your cellular device. Steele Creek's amenity center includes an exercise room, resort style pool, playground, splash pad, sports court and community room. This property is conveniently located directly behind Steele High School and just minutes from HEB, the fast-growing Shops at Cibolo Bend retail development, and Randolph Air Force Base! This one won't last so schedule your showing today! Refrigerator and water softener system convey.
You may be able to put down less than the total down payment amount of $108,399 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: #1795746
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.