Welcome to the epitome of upscale living in the heart of Veramendi-your gateway to the enchanting Texas Hill Country * This exquisite 4-bedroom, 3-bathroom home with a 3-car garage blends modern luxury with the warmth and charm that makes New Braunfels one of the most sought-after places to call home * Step inside to discover a gourmet kitchen designed to impress, featuring a generous island that serves as the centerpiece for culinary creativity and effortless entertaining * The open-concept living area is flooded with natural light from expansive picture windows, creating an inviting atmosphere that perfectly complements the home's contemporary design and Texas-inspired comfort * Unwind year-round on the screened-in porch, an ideal retreat for enjoying the outdoors in comfort and style * Automatic shades throughout add a touch of modern convenience, allowing you to easily set the mood and maximize privacy * The thoughtfully designed floor plan includes a private guest suite with its own ensuite bath-perfect for visitors or multi-generational living * Ideally located in the highly desirable Veramendi community, this home is just minutes from the historic charm of Gruene and the vibrant energy of downtown New Braunfels, offering the perfect balance of peaceful living and everyday convenience * Residents enjoy the unique golf-cart-friendly lifestyle along with outstanding neighborhood amenities, including a resort-style community pool, park, playground, jogging trails, and a charming on-site coffee shop that serves as a welcoming social hub * Situated near outstanding schools and surrounded by abundant new shopping and dining options, this home represents one of the best opportunities in Veramendi-competitively priced below market value and ready for its next owner * Schedule your private showing today and experience firsthand the elegance, comfort, and lifestyle that make this Veramendi home truly exceptional!
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.
