8523 Alydar Cir, Boerne, TX 78015
3 beds · 3 baths · 3,272 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This wonderful 3272 sq ft home includes a 550 sq ft Casita w/full bath and a loft situated on 1.61 acres located in a gated and guarded community in the highly desirable Fair Oaks Ranch. Amenities include a formal living room w/fireplace & a formal dining room. Great family room w/fireplace, screened in porch, 16X20 tool shed, Pella windows, large walk in gun safe, steam shower, an AMAZING outdoor kitchen with hot and cold water and 1/2 bath that has a gas grill, griddle, and burner. Don't miss the sparkling pool, water fall and LED lighting. You will feel like you are in your own private OASIS! There is a casita w/a 4th bedroom & full bath. The large backyard is completely privacy fenced, has full sprinkler system with 18 zones, great mature oak trees, peach, apple. cumquat and plum trees. Landscape lighting is on timers. The roof and septic are both about 9 years old. Don't miss the amazing oak trees thru out the property; all have been manicured to accent their beauty. This community is conveniently located off the I-10 corridor and Raintree Woods is across the street from the Fair Oaks Country Club offering golf, tennis, swimming and pickleball! This home offers a perfect blend of privacy, tranquility , and convenience. Enjoy easy access to top-rated schools, shopping, and dining, all while residing in a peaceful, secure environment.
Source: SABOR #1860314
All values shown are estimated costs / mo.
Source: Public records
Source: SABOR #1860314
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.