1704 Fall Vw, New Braunfels, TX 78130
5 beds · 4 baths · 2,945 sqft
Nestled at the end of a cul-de-sac, this 5-bedroom, 3.5-bathroom home offers ample space, modern finishes, and an ideal location with easy access to Highway 46 and a short drive to Austin or San Antonio. Thoughtfully designed for comfort and functionality, this home features two primary suites-one upstairs and one downstairs-perfect for multi-generational living or guest accommodations. An open layout seamlessly connects the large family room to the kitchen, where a center island with bar seating, inlay electric stovetop, dark wood cabinetry, and stainless steel appliances make meal prep a breeze. High ceilings add to the airy feel, while the formal dining area provides a perfect space for gatherings. The downstairs primary suite boasts a tray ceiling, walk-in shower, and river rock tiling, creating a spa-like retreat. Upstairs, a loft area and built-in desks offer additional living and workspace, ideal for study or play. A spacious backyard and charming front porch complete this beautiful home. Located just 10 minutes from Hwy 35, this home provides quick access to top shopping, dining, and major city hubs. Schedule a tour today to see this exceptional property in person!
Source: SABOR #1851265
Financials
Source: SABOR #1851265
Source: Public records
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%. 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.
Other resourcesWhat 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 “Get Notified” 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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.