571 Englewood Ln Castroville, TX 78009
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About this home
3.88 VA Assumable Loan Available! This exquisite one-story Chesmar home features one of the builder's most popular floor plans, offering soaring ceilings, elegant finishes, and an open concept layout designed for both everyday comfort and effortless entertaining. At the center of the home, the expansive living area showcases custom built-ins and a striking fireplace that adds warmth and sophistication. The gourmet kitchen is a true showpiece, featuring dual islands, an oversized walk-in pantry, abundant cabinetry and counter space, a reverse osmosis system, stainless steel appliances, a GE Profile five-burner gas cooktop, pot filler, and two breakfast bars ideal for gatherings. The private primary suite offers serene views and patio access, along with a spa-like bathroom featuring a freestanding soaking tub, oversized walk-in shower, dual vanities, linen storage, and a custom closet with built-ins and triple hanging rods. Each secondary bedroom includes a private bath and walk-in closet for maximum comfort and privacy. A dedicated study with 12-foot ceilings and French doors provides the perfect space for work or quiet retreat. Additional highlights include mounted televisions (included), a well-appointed utility room with cabinetry, granite counters, refrigerator space, hanging rod, and a practical drop zone. The three-car split garage is finished with epoxy floors, custom shelving, and a Defender Series water softener. The property sits on a generous .47-acre greenbelt lot surrounded by mature trees and professional landscaping. The fully fenced yard includes a full sprinkler system, ensuring the grounds remain lush and vibrant year-round. Enjoy exceptional outdoor living with a screened-in patio complete with a cozy gas fireplace and stamped concrete flooring. Beyond the patio, discover a resort-style backyard that stands out from the rest-featuring an in-ground pool with quad massaging jets, a sun deck with a sparkling fountain, and a top-of-the-line system allowing the pool to be heated or cooled for year-round enjoyment. Located within the highly acclaimed Medina Valley ISD, this home offers refined living in a convenient location with easy access to Highway 90 and Loop 1604.
Source: SABOR #1916054
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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.