2.75% Assumable Loan! Impeccable Views! Impeccable Home! LOW utility bills! Come home to this breathtaking estate that's perfectly positioned on a private 1.1-acre cul-de-sac lot on top of the hill, and save yourself tens of thousands of dollars by assuming the 2.75% VA loan! This luxurious home combines timeless elegance with unrivaled panoramic views and a backyard resort oasis. Preparing for dinner parties is a breeze in this luxurious chef's kitchen, featuring Diamond Bianco granite countertops, double-stacked custom cabinetry with glass-front accents, a 36" Cafe gas cooktop, double ovens, and an Italian white apron sink. Retreat to the sanctuary of your primary suite admiring the sweeping views and a spa-worthy bathroom w/ a 71" cast iron soaking tub, a rain shower w/ body sprayers, and dual designer closets. The main level is thoughtfully designed to offer both privacy and connection. Admire the hickory hardwood flooring, hand-selected accent tile, soaring ceilings with wood beams, and a floor plan designed to impress and embrace that includes four serene bedrooms, a light-filled sunroom, a dedicated study, and a flexible bonus room. Upstairs, you will find the game room wired for surround sound, a media room, the 5th bedroom/or an office, and a half bath. Step out back to the fully equipped outdoor kitchen with stainless steel appliances and granite countertops. Take in the impeccable view while floating in the stunning Hill Savannah heated pool and spa with a cascading waterfall grotto. Don't like yard work? No problem! The custom-designed landscaping features native rock, lush greenery, and premium artificial turf, requiring minimal maintenance. This home is as smart as it is stunning, with energy-efficient solar panels (that reduces your water/electricity bills to an average of only $120/month and panels are paid off!), a painted standing seam metal roof, a grand circular drive, a 3-car garage, and a Whole-Home UV Water Filter System. The exclusive Copper Ridge community is a premier 24-hour gated and guarded community in New Braunfels. The resort-style amenities include a resort-style pool with both lap and play pool, pavilion with fireplace, barbecue and picnic tables, tennis, and basketball courts. Come tour this Hill Country Masterpiece 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.
