This thoughtfully designed manufactured home sits on over an acre in the established Galle Estates community, offering both privacy and convenience in the Texas Hill Country corridor. The strategic location provides easy access to three vibrant cities - Seguin, New Braunfels, and San Marcos - placing shopping, dining, entertainment, and employment opportunities within comfortable reach while maintaining a peaceful residential setting. The home's open floor plan creates seamless flow between living spaces, anchored by an island kitchen that serves as both a functional workspace and natural gathering point. Linoleum plank flooring extends throughout the main areas, providing durability and easy maintenance while delivering the warmth and character of hardwood. Four generously sized bedrooms offer flexible living arrangements, whether as bedrooms, home offices, or guest accommodations. Natural light fills every corner of this well-planned home, creating bright, welcoming spaces throughout the day. The primary suite features an indulgent soaking tub positioned beneath picture windows, transforming daily routines into relaxing retreats while providing views of the surrounding property. Two full bathrooms ensure convenience for busy households and overnight guests. Practical touches enhance daily living, from the solar screens that reduce energy costs and glare to the comprehensive gutter systems protecting both the main house and detached garage. The two-car garage extends beyond simple vehicle storage, offering additional space perfectly suited for workshop projects, seasonal storage, or hobby pursuits. The included refrigerator means one less detail to worry about during the moving process. The 1.206-acre lot provides room to breathe, whether for pets to play, gardening enthusiasts to cultivate their interests, or simply those who value space between neighbors. The fencing offers security and a safe zone for play or pets. USDA financing eligibility opens homeownership opportunities to qualified buyers, making this slice of Texas accessible to those seeking country living without the isolation.
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.
