571 Englewood Ln Castroville, TX 78009
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About this home
3.88% VA Assumable Loan available! Congratulations! You have found your next home! This absolutely stunning one-story home features one of Chesmar's most popular floor plans with soaring ceilings and a wide open layout that's built for both everyday living and entertaining! At the heart of the home is a spacious family room complete with custom-built-ins and a dramatic fireplace! The chef's kitchen features double islands, an oversized walk-in pantry, TONS of cabinetry and counter space, a reverse osmosis system, stainless steel appliances including a GE Profile five-burner gas cooktop, a convenient pot filler, and not one but two breakfast bars! Step outside to experience the incredible outdoor living area, beginning with a screened-in patio showcasing a cozy gas fireplace and stamped concrete floor. This opens to what just might be the most impressive backyard in the neighborhood! Enjoy the luxury of an in-ground pool with quad massaging jets, a sun deck with a sparkling fountain, and a state-of-the-art system that allows the pool to be heated or cooled to your preference. The .47 acre greenbelt lot is fully fenced and has a full sprinkler system to take care of the 20 mature trees that shade the professionally landscaped yard! The private primary suite offers custom window treatments, direct access to the outdoor living area, and a spa-like bathroom with a freestanding soaking tub, oversized walk-in shower, dual vanities, linen storage, and a custom walk-in closet with triple hanging rods and built-ins. Each spacious secondary bedroom has a private bath & a walk-in closet! The dedicated study features 12' ceilings and French doors for the ultimate work at home space! All mounted televisions are INCLUDED! Luxury utility room with cabinets, granite counters, refrigerator space, hanging rod and a drop zone just outside the door! The three car split garage boasts epoxy floors, custom storage shelving and a Defender Series water softener! Great location with easy access to Highway 90 & Loop 1604! Located in Medina Valley ISD with convenient access to Highway 90 and Loop 1604. Just minutes from Castroville attractions including Alsatian Golf Club, Castroville Regional Park, Haby's Alsatian Bakery, the Hillside Boutique Hotel, and more!
Source: SABOR #1884972
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.