1620 Craftsman, New Braunfels, TX 78132
5 beds · 3 baths · 2,725 sqft
Nestled in the highly desirable Meyer Ranch neighborhood, this meticulously maintained Highland Home sits on an oversized lot, backing to a serene greenbelt for ultimate privacy and breathtaking views. Boasting 5 spacious bedrooms, including a luxurious primary suite on the main level, this home is designed for both comfort and style. Step inside to discover an open floor plan with soaring ceilings, a large kitchen island, and a modern kitchen equipped with a gas stovetop, built-in oven, and microwave. The kitchen seamlessly flows into the inviting family room, making it perfect for gatherings. From there, step out to the expansive backyard with a covered patio that's been extended to offer even more room for entertaining, all while enjoying the peacefulness of no neighbors behind you. In addition to the primary suite on the main floor, you'll find a secondary bedroom and a full bathroom, offering convenience and flexibility. Upstairs, a second living space awaits, ideal for a playroom or additional family room. Plus, you'll find three more bedrooms and a full bathroom featuring extended countertop space. Home comes with a water softener and a tankless gas water heater! This home is not just about the property, but the lifestyle. Meyer Ranch offers amazing amenities, including a community pool, playground, walking trails, and clubhouse. Enjoy community events, food trucks, and the chance to meet new neighbors in this vibrant and welcoming neighborhood. Don’t miss out on this beautiful home in one of the most sought-after communities. Schedule your tour today!
Source: CENTRALTEXAS #570320
Source: CENTRALTEXAS #570320
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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?
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?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.