8460 Spicewood Springs Rd China Spring, TX 76633
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About this home
Welcome to 8460 Spicewood Springs Rd., a breathtaking luxury estate in the highly sought-after Preserve at Bosque Bend. This exceptional property combines class, beauty, and elegance, offering a main house and a recently completed secondary residence, totaling 6,594 square feet of unmatched sophistication. The main house spans 4,992 square feet, with four spacious bedrooms, four full bathrooms, a formal dining room, a home office, and an isolated upstairs theater with state-of-the-art sound carpeting and a three-quarter bath. Every inch of this home showcases premium craftsmanship, from the natural travertine flooring to custom faux paint finishes and exquisite knotty alder cabinetry throughout. Built by Loera Homes in 2011. Grand 12-foot Cantera wrought iron doors open to reveal stunning barrel ceilings, a massive stone fireplace, and top-tier GE Profile stainless steel appliances in the gourmet kitchen, making this a chef’s dream. Perfect for entertaining, the outdoor living space features an oversized covered patio, a built-in grill and wet bar, and a sparkling heated pool with a tranquil 7-foot jacuzzi and cascading waterfall. The outdoor stone fireplace and lush landscaping create a serene retreat, ideal for relaxing evenings or hosting gatherings. The secondary home, completed in 2023, adds 1,600 square feet of living space with two large bedrooms, two full bathrooms, and a convenient half bath accessible from the pool area. The open-concept kitchen and dining area provide a versatile addition for guests or family. Enjoy the 1,334 sqft garage, for the car enthusiast, off the casita with additional storage space. From automated shades to the finest landscaping upgrades, no detail has been overlooked in creating this masterpiece. Move in, unpack, and enjoy the lifestyle you’ve always dreamed of – this home is truly turnkey and ready for its next discerning owner.
Source: NTREIS #21055434
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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.