264 DEER CREST DR, New Braunfels, TX 78130
Welcome to 264 Deer Crest Dr, New Braunfels, TX - A Modern Sanctuary of Comfort and Elegance! This meticulously designed 5-bedroom, 3-bathroom home offers 3,470 sq ft of luxurious living space. Built by the current owners as their forever home, they now have to unexpectedly relocate, presenting a rare opportunity for a quick sale listed under tax value with an opportunity of a 3.375% assumable loan making this home so affordable. You couldn't build a home with this many amenities at this price! Key Features: Spacious Living Areas: The open-concept floor plan is perfect for family living and entertaining, offering a seamless flow between the living room, dining area, and kitchen. Gourmet Kitchen: A chef's dream, featuring stainless steel appliances, quartz countertops, custom cabinetry, built-in smart oven, coffe bar, large pantry and a huge center island. Elegant Master Suite: A private retreat with a spa-like ensuite bathroom, dual vanities, a large walk-in shower, and spacious walk-in closets. Secondary 1st Floor Guest Bedroom and Bath: Ideal for visitors or multigenerational living, providing comfort and privacy. Additional Bedrooms and Bathroom Three additional well-appointed bedrooms and a full bathroom on the second floor. Secondary Living Area/Game Room: The second floor also features a spacious secondary living area/game room, perfect for family gatherings, movie nights, or a kids' play area. Outdoor Oasis: A 16X20 covered patio with no neighbors behind, offering added privacy and a perfect space for outdoor dining, relaxation, and surround-sound entertainment. Modern Amenities: This home is equipped with a smart home system, energy-efficient solar panels, water softener, and keypad entry for enhanced security and convenience and surround sound . Pet-Friendly Features: Designed with your furry friends in mind, the home includes a designated pet room and a convenient pet door, making life easier for both you and your pets. Prime Location: Situated in the highly desirable Deer Crest community, you'll enjoy easy access to top-rated schools, shopping, dining, and entertainment. The community also offers a beautiful pool and playground. Don't miss the opportunity to make 264 Deer Crest Dr your forever home. Schedule your private showing today to experience the perfect blend of luxury, comfort, and convenience at an unbeatable value where every detail is crafted for the ultimate living experience.
You may be able to put down less than the total down payment amount of $113,935 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1795787
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.