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$280,000 SIGNIN

Sign in to see required down payment for the 2.73% rate

18 Deer Ridge Rd, Wimberley, TX 78676

3 beds · 2 baths · 1,277 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Situated just minutes from downtown Wimberley, this inviting 3-bedroom, 2-bathroom home offers a perfect blend of comfort and style. The open-concept layout creates a seamless flow between the living areas, making it an ideal space for both relaxing and entertaining. The kitchen is the heart of the home, featuring custom cabinetry and a stunning walnut breakfast bar that adds both charm and functionality. It opens directly into the living area, creating a spacious, airy environment perfect for family gatherings and casual entertaining. The dining area is highlighted by a large wall of built-in shelves, offering a practical storage solution or a place to display your favorite books and décor. The peaceful primary bedroom is a spacious retreat, offering plenty of room for rest and relaxation. The fully remodeled primary bathroom is a standout feature, featuring a luxurious walk-in shower and generous storage space, perfect for your personal essentials. The versatile third bedroom is a great bonus, easily adaptable to suit your needs. Whether you use it as an additional bedroom, home office, playroom, or flex space for hobbies, it offers endless possibilities. Step outside to discover the private backyard, which features ample storage between both sheds that will convey with the home. Whether you need space for tools, gardening supplies, or holiday decorations, these sheds provide the perfect solution! Enjoy the convenience of being close to Wimberley’s charming shops, local restaurants, golf courses, and the stunning creeks and rivers. With schools, HEB, and wineries nearby, this home is ideally located to take full advantage of all the best the Texas Hill Country has to offer. Don’t miss out on this wonderful opportunity—schedule a showing today!

Estimated
Seller's interest rate
2.73%
7%
Estimated
Monthly payment

$1,133
$1,515
You may also save up to $118,506 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,515 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
2.73%
Remaining term
25 yrs and 10 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,133
Principal & interest
$692
Mortgage insurance
$120
Property taxes
$70
Home insurance
$240
HOA fees
$10
Utilities
Not included

Source: Public records

Home details
Size
1,359 sqft
Lot size
0.1152 acres
Year built
1982
Type
Single Family Residence
HOA dues
$10.00

Source: ACTRIS #1361501

Qualify

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.

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.

Resources
Frequently asked questions

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.

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.

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.

View all FAQs
Last updated: May 05, 2025 11:08 pm
Listing agent: Marissa Holmes
Listing provided courtesy of: Compass RE Texas, LLC (512) 575-3644
Details provided by ACTRIS and may not match the public record.
MLS ID: #1361501
Based on information submitted to the MLS GRID as of May 13 2025 - 08:49. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$1,133
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