1408 Olivastra is a rare, one-of-a-kind custom single-story estate set on a sprawling 2.03-acre private corner cul-de-sac lot, one of the largest and most coveted positions in Vintage Oaks at the Vineyard, New Braunfels' most prestigious hill country community and one of the hottest zip codes in all of Texas. Built by Robare in 2017 and lovingly maintained by its original owners, this impeccably cared-for home has been thoughtfully expanded and upgraded to deliver a lifestyle that simply cannot be replicated at this price point in the Texas Hill Country. From the moment you pull up through the circular drive, you'll sense that this property is something truly special. Soaring high ceilings and a seamless blend of wide-plank hardwood and designer ceramic tile set an immediate tone of refined elegance throughout. Every finish, every selection, and every detail reflects an owner who never once compromised on quality and it shows. The chef's kitchen is an absolute showpiece. A grand center island anchors the space, surrounded by high-end built-in appliances, designer cabinetry, and an oversized walk-in pantry that keeps everything organized and beautiful. The kitchen opens naturally into expansive living and dining areas, creating a flow perfectly suited for both intimate family evenings and large-scale entertaining. The stunning private office features custom built-in shelving and a sophisticated finish rarely found outside of custom builds at twice this price. This home has been expanded beyond its original footprint to include a fourth bedroom and a dedicated fitness suite complete with its own private bathroom, offering the kind of flexibility that growing families, multigenerational households, and wellness-focused buyers are actively seeking right now in the New Braunfels luxury market. A game room and open lounge space round out the interior, ensuring every family member has a space to call their own. Outside, the 2.03-acre corner cul-de-sac lot delivers privacy, prestige, and extraordinary possibility. The massive three-car garage is complemented by a separate side entrance leading to an additional insulated garage that could serve as a workshop or casita. A versatile space that works perfectly as-is for the car enthusiast or craftsman, and holds genuine potential to be converted into a luxury guest suite. The sprawling grounds leave ample room for a future pool or outdoor kitchen, and in the meantime, the world-class amenities at the clubhouse are just a short golf cart ride away. Vintage Oaks is not just a neighborhood, it is a resort lifestyle. Residents enjoy access to a stunning lazy river, three resort-style pools, a fully appointed clubhouse, baseball and basketball courts, pickleball courts, a state-of-the-art fitness center, and scenic hiking and jogging trails, all woven together by a vibrant golf cart community culture that makes this one of the most sought-after places to live in the entire state. All of this is just minutes from the heart of New Braunfels, the Comal and Guadalupe rivers, Historic Downtown, top dining, shopping, and an easy commute to both San Antonio and Austin. For qualified buyers, an assumable VA loan is available,a rare financial advantage worth exploring. This home was built for entertaining. It was built for family. It was built to last. It has been cared for accordingly. Opportunities like this do not come around often in Vintage Oaks. Schedule your private showing today.
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.
