409 Fairy Duster Dr
New Braunfels, TX 78130
5 beds · 3 baths · -- sqft
$415,000
Get prequalifiedAbout this home
Assumble VA Loan 2.75% interest rate!!!!!!Discover your dream home in this stunning 5-bedroom, 2.5-bath property, where spacious living and prime location seamlessly blend to create an unparalleled living experience. Step inside and be greeted by an open floor concept, perfect for entertaining guests or enjoying quality family time. The oversized Master bedroom, with its own sitting area, provide a private retreat for rest and relaxation. The star of the home is the huge game room upstairs, offering endless possibilities for fun and recreation. Located next to all the shopping conveniences you need and with easy access to the main highway, this property offers the perfect balance of comfort and accessibility. As a bonus, you're only a 5-minute drive from the charming, historic Gruene, where you can immerse yourself in local culture and attractions. As a resident of this wonderful community, you'll also have access to the sparkling community pool, perfect for cooling off on hot summer days or simply lounging poolside with a good book. Don't miss your chance to make this incredible property your home. Schedule a viewing today and experience all that this exceptional residence has to offer.
Source: CENTRALTEXAS #538928
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
