LUXURY, LAND & LONGHORNS await you at this rare 15-acre Texas estate conveniently positioned between the quaint German town of New Braunfels, the gateway to the Hill Country town of Spring Branch, & just a short drive to Boerne, San Antonio, & Austin! This exquisite property includes a beautifully updated Tuscan-inspired farmhouse with a versatile floor plan including a study & flex room. Memories with friends & family will be easy to create in this private Hill Country oasis with superb Texas sized living, land, & entertaining spaces. The spectacular outdoor oasis includes an infinity edge pool, multiple entertaining spaces accentuated with three fire features, & large covered outdoor kitchen area with all the essentials. Alfresco dining is ensured as the entire patio & pool area is surrounded by a flying insect repellant system with automatic timer. The inviting, 35,000 gallon heated, lagoon-style pool features a beach entry, bubblers, submerged bar seating, eight-foot diving end, fitness swim jets, infinity edge & adjoining extra deep spa with cascading water. The beautiful, curved staircase joins the upper & lower patio areas for ease of entertaining or enjoy the night sky as you stargaze from your second story terrace. The property has three distinct areas, is fenced & cross-fenced making it ready for your livestock, or simply enjoying the herd of majestic longhorns that roam the neighborhood. The rear native portion offers a peaceful retreat with a seasonal creek & historic stone wall originally built by German settlers to the area. The private well accesses the Edwards Aquifer Recharge Zone directly & has easily met this property's water needs. The 1250 square foot shop/barn set away from the home, showcases dual rolling overhead doors, epoxy flooring, & halogen lighting to easily accommodate your toys & equipment. Come tour this stunning property to truly appreciate all that it offers.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
