6041 GRAYSON CLF, Cibolo, TX 78108
This charming 2-story Schertz home located in the Homestead community offers everything you need for modern living. Step inside and discover the spacious, open concept living areas which include a large living room adjacent to the island kitchen and dining area. You'll love the light and bright kitchen which has granite countertops, stainless steel appliances including a gas stove, microwave, refrigerator, and dishwasher. Downstairs you'll also find a half bath and a versatile office or flex room space with double glass doors, ideal for remote work or possibly a 4th bedroom. The living spaces have a view of the expansive backyard, which offers plenty of room to relax and play, promising endless possibilities for outdoor enjoyment. There are 3 bedrooms, all conveniently located upstairs, along with 2 full bathrooms. The primary bedroom boasts an ensuite bathroom complete with a large walk-in shower, double vanity, and a generously sized walk-in closet for ample storage. You also have the large loft upstairs which provides additional living space, perfect for a playroom, media center, or second living room. The home is plumbed for a water softener, and has a full sprinkler system, as well as gutters. The home is only 4 years old, so the 10 year structural warranty will be available to you for the remainder of that timeframe. As part of the Homestead community, residents enjoy an array of amenities designed for all ages and interests. Dive into relaxation at the pool and splash pad, explore the playgrounds and community parks, or stay active on the jogging trails and at the 24-hour fitness center. Host gatherings at the open-air pavilion with fireplace, barbecue areas, and available private rental options. Experience the best of suburban living with community events on the Great Lawn, scenic ponds, and green spaces to explore. There's so much to enjoy about this community. Located conveniently near highways, shopping, restaurants, Randolph Air Force Base, New Braunfels, and nestled between San Antonio and Austin, this home offers easy access to everything you need.
You may be able to put down less than the total down payment amount of $150,460 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: #1788792