516 MARLIN CIR, New Braunfels, TX 78130
Open House Sat. Sept. 7th from 11am - 1pm. Welcome to your new home in beautiful New Braunfels! This stunning two-story home offers a perfect blend of modern comfort and classic charm. With 4 bedrooms and 2.5 bathrooms, this spacious property provides ample room for families and guests alike. The open-concept design seamlessly connects the living, dining, and kitchen areas, making it ideal for both everyday living and entertaining. Enjoy the elegance of beautiful countertops, ample kitchen and cabinet space and the convenience of two separate eating areas. Upstairs, you'll find a large master suite with a private en-suite bathroom, and garden tub perfect for private relaxation. There are 3 additional well-sized bedrooms that offer versatility and comfort. The central game room provides an abundance of space for relaxation or play. Outside, the covered patio and large backyard creates a delightful space for outdoor gatherings and leisure. Additionally, there is a lovely apple tree in the backyard, adding a touch of nature to your outdoor space. Located in a sought-after New Braunfels neighborhood, you'll enjoy close proximity to shopping, schools, parks and endless entertainment and recreation. Easy access to major highways makes commuting a breeze and puts everything you need conveniently close by. Experience the best of New Braunfels living in this exceptional two-story home. Schedule your tour today and see why this could be your perfect next address! Recent Upgrades Include: 2020 - New A/C Unit Capacitor, 2022 - New Water Heater Expansion Tank, 2023 New Exterior Breaker, Smart Phone App Compatible Garage Door.
You may be able to put down less than the total down payment amount of $95,820 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: #1797578