197 Lake Ridge Dr, Seguin, TX 78155
3 beds · 2 baths · 1,835 sqft
The private neighborhood boat ramp is just up the street~ enjoy fun in the sun on wonderful Lake McQueeney! This lovely home has been thoughtfully updated, blending modern flair with comfort. The heart of the home features a spacious kitchen and dining area with expansive windows that bathe the space in natural light, perfect for entertaining or quiet evenings at home. The primary bedroom provides a tranquil retreat, promising restful nights with its serene ambiance and tasteful decor. Beautiful white oak like luxury plank flooring throughout the home, with tile in the bathrooms, no carpet to clean! Outside, the allure continues with a private pool, promising endless fun and relaxation under the shade trees. You can also relax, pest free, in the cozy screened porch. The property is located in a vibrant neighborhood that offers the charm of small-town living while being close to engaging attractions like local eateries, boutiques, and cultural landmarks, enveloping you in the best of both worlds. Drive a few minutes east to downtown Seguin and enjoy one of the highest rated BBQ joints in Texas. Drive a few minutes west and discover all that New Braunfels and Gruene have to offer. Easy access to Hwy 46 and IH-10. GVEC upgraded home to 400 Amp Service, including 2 separate 50 Amp outlets to charge EVs, and another 50 Amp outlet in the garage for hobbyists. Other items of note: 22 SEER HVAC in 2017, New Energy Efficient Triple Pane Pella windows, sliding doors, and exterior doors in 2017. 12 inches of blown cellulose in attic. Water softener, (tankless hot water heater with hot water loop in attic for instant hot water), Reverse Osmosis system for refrigerator. Pool is controlled by app on phone, Hayward Omni Logic, electric valves, lighting, laminar fountains, and pump controls. Mini split AC in the garage, bump out in garage for workbench or work out space, etc.
Source: CENTRALTEXAS #573861
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALTEXAS #573861
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.