420 NOVA ZEMBLA, New Braunfels, TX 78130
Built in 2021 in the historic town of beautiful New Braunfels with 4 Beds and 3 Full Bath, this 2,600+ square foot Smart Home with Hardie Plank Siding has all the upgrades plus Solar Panels and a TuffShed to boot. All the appliances and Cabinets have been upgraded from the standard builder-grade, most of the carpet has been removed and replaced with high-end Vinyl Plank Flooring & ceiling fans have been added throughout. The floor plan is an open concept with 1 bed and 1 full-bath located downstairs that is more secluded from the remaining 3 Bed Rooms offering a mother-in-law suite-type setup plus additional Baths located upstairs. There is a bonus / game / exercise / media room located upstairs at the landing, a full 2-car Garage and covered back Porch to help add some additional usable spaces to the property. New Braunfels is a growing historic German settled town located near San Antonio, San Marcos, Lockhart & Austin with lots of great architecture dating back to the 1800's, great culture, restaurants, shopping and the town is also known for the Comal and Guadalupe rivers, which wind past leafy parks like Landa and Cypress Bend. This home also has an added 2.75% Assumable FHA Mortgage option for financing.
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: #6181758