WOW! $26K JUST REDUCED! SELLER WANTS IT SOLD! Welcome to this modern MEXICO STYLE HACIENDA 3 Bedroom 2 Bath built in 2000, sitting on .513 Acre wooded property, NO HOA, with big mature trees situated on a private road, no thru traffic here! Completely New Exterior Stucco and Paint! This beautiful home is built for fun and entertainment, yet very Hi-Tech and efficient in its design and construction. With insulation foam, wire, and concrete construction, this next-generation building technology keeps this home cool in summer and warm in winter. Added efficiency comes in the windows, LED lighting, and 2 ZONED A/C Units, which keep light bills SUPER LOW! Have fun in the large swimming pool, sunbathe on the patio deck, or hang out in the large covered atrium, which offers plenty of shade and privacy and overlooks the pool. Or HOW ABOUT entertaining on the large FRONT outside patio of the HACIENDA. It includes an eat-in kitchen-bar, oven, refrigerator, granite countertops, and more! Keep all your fun private with the large exterior wall in front of the home! LOOKING INSIDE, the beautiful Hacienda itself has Saltillo tile throughout, RUSTIC, heavy wood doors and accents, Black-Iron lighting accents, chandeliers, and very wide hallways for easy wheelchair accessibility and entertaining. The Master Shower is a big double shower, very spacious, low entry, handicap accessible, if needed. 2 zoned A/C units keep this large home comfortable anytime. Living and dining areas are wide, accommodating larger tables and furniture. The kitchen is loaded with counter and cabinet space, granite countertops, stainless steel appliances, all electric, and easy to maintain. Great home to live in, and plenty of space for a work truck, RV. Boat(s), multiple vehicles, all good! Other options: Airbnb, Home and office combo, investment property. Minutes to San Marcos proper, New Braunfels, San Antonio, Randolph AFB, AUSTIN, and everything in between. (FEMA Map designated AE 100-year flood zone - requires flood insurance). MUST SEE AND EXPERIENCE TO BELIEVE!
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.
