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$439,900

264 Deer Crest Dr, New Braunfels, TX 78130

5 beds · 3 baths · 3,470 sqft sqft

Welcome to 264 Deer Crest Dr, New Braunfels, TX - A Modern Sanctuary of Comfort and Elegance! This meticulously designed 5-bedroom, 3-bathroom home offers 3,470 sq ft of luxurious living space. Built by the current owners as their forever home, they now have to unexpectedly relocate, presenting a rare opportunity for a quick sale listed under tax value with an opportunity of a 3.375% assumable loan making this home so affordable. You couldn't build a home with this many amenities at this price! Key Features: Spacious Living Areas: The open-concept floor plan is perfect for family living and entertaining, offering a seamless flow between the living room, dining area, and kitchen. Gourmet Kitchen: A chef's dream, featuring stainless steel appliances, quartz countertops, custom cabinetry, built-in smart oven, coffe bar, large pantry and a huge center island. Elegant Master Suite: A private retreat with a spa-like ensuite bathroom, dual vanities, a large walk-in shower, and spacious walk-in closets. Secondary 1st Floor Guest Bedroom and Bath: Ideal for visitors or multigenerational living, providing comfort and privacy. Additional Bedrooms and Bathroom Three additional well-appointed bedrooms and a full bathroom on the second floor. Secondary Living Area/Game Room: The second floor also features a spacious secondary living area/game room, perfect for family gatherings, movie nights, or a kids' play area. Outdoor Oasis: A 16X20 covered patio with no neighbors behind, offering added privacy and a perfect space for outdoor dining, relaxation, and surround-sound entertainment. Modern Amenities: This home is equipped with a smart home system, energy-efficient solar panels, water softener, and keypad entry for enhanced security and convenience and surround sound . Pet-Friendly Features: Designed with your furry friends in mind, the home includes a designated pet room and a convenient pet door, making life easier for both you and your pets. Prime Location: Situated in the highly desirable Deer Crest community, you'll enjoy easy access to top-rated schools, shopping, dining, and entertainment. The community also offers a beautiful pool and playground. Don't miss the opportunity to make 264 Deer Crest Dr your forever home. Schedule your private showing today to experience the perfect blend of luxury, comfort, and convenience at an unbeatable value where every detail is crafted for the ultimate living experience.

Interest rate 3
2.8%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,431
With Roam
$2,235
Reduce your monthly payments by $803 when you assume this mortgage.
You also save $259,414 in total interest paid.

$115,280
Edit

You may be able to put down less than the total down payment amount of $115,280 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
3,470 sqft
Lot size
0.14 acres
Year built
2021
Type
Single Family Residence

Source: SABOR #1795787

Loan
Remaining term
26 years, 11 months
Rate
2.8%
Monthly P&I
$1,431
Remaining loan balance
$324,619

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Nov 07, 2024 09:00 am
Listing agent: Heather Duffin (210) 854-3899
Listing provided courtesy of: JB Goodwin, REALTORS (210) 581-9050
Details provided by SABOR and may not match the public record.
MLS ID: #1795787
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the San Antonio Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Everystate, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 San Antonio Board of REALTORS®. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,431/mo
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