Welcome to 5 acres of manicured perfection in the heart of the Texas Hill Country. Dreamy green shaded yards full of Heritage Live Oaks. This Hill Country Estate offers five spacious bedrooms, three and a half bath, an in ground pool, and an exceptional blend of upscale equestrian amenities ,with stunning natural beauty. At the heart of the property is a huge custom barn with 5 large stalls, large walk thru lane for horse grooming and double metal sliding doors on both ends. Inside you will also find a spacious Office/ tack room. The property has a second two horse stall barn with 2 additional covered areas for equipment or farrier stalls and an inside workshop. The 5 bedroom 2 story home was thoughtfully designed with an emphasis on seamless indoor-outdoor living and a great open-concept floor plan. The primary suite downstairs offers private access to the pool and backyard sanctuary. The primary bath has an oversized walk in closet, beautiful glass shower, two separate vanities, and a spa-inspired free standing tub. The second and third bedrooms downstairs are off the living area with woodburning fireplace and have an oversized bathroom with outside access to the pool and patio. Home boasts of 2 more spacious bedrooms upstairs with great views. In addition ,the bonus room upstairs offers private outdoor access to a covered balcony overlooking serene views. There is also a dedicated office off the main living area for working from home or hobby room. The large bright kitchen featuring gas stove and two islands are the home chefs dream. Also features large bay window seat with storage. How bout the large white ceramic farm sink! The laundry room has every convenience ! It features a grooming station with tiled doggie bath and shower next to the outside door entrance. There is also Electrical wiring prepped for generator hookup and half bath access. This extraordinary estate enjoys convenient proximity to New Braunfels, Boerne, San Antonio and Spring Branch. Served by the highly acclaimed Comal Independent School District Outdoor Living at its best! Nestled on five fully fenced acres with a private paved driveway and automatic gate, secured for peace of mind. Additional exterior features : 18x35 ft concrete slab is prewired for an outdoor kitchen and prewired for electricity next to the carport for a future detached garage, 30 amp full-service RV hookup, and 50 amp EV charger. * Electrical wiring prepped for generator hookup * New 200-amp electrical panel (2022) for added power reliability Exterior Features: * Upgraded 1,500-gallon septic system (installed Nov 2021) *Water softener (installed Jan 2021) * New well pump (installed Jul 2022) for dependable water supply * Stunning 7,000-gallon in-ground pool - Fenced dog run Outdoor Living Features: Nestled on five fully fenced acres with a private paved driveway and automatic gate, secured for peace of mind. the gathering place! The outdoor stone patio and firepit are' The gathering place" which boasts of the oversize pit master station that can fit the whole Cow! For BBQ that is! Come bring the family and dream of the possibilities this home has for you!
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.
