517 Thoroughbred Ln, Spring Branch, TX 78070
5 beds · 3 baths · 2,534 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Open house Saturday, 1/25/2025 from 11AM-5PM. Nestled on 1.03 acres in the prestigious Stallion Estates, this beautifully updated 5-bedroom, 3-bathroom home seamlessly blends modern luxury with the tranquility of nature. Inside, you'll be greeted by soaring high ceilings, contemporary wood-look tile floors that showcase the home's stylish character, and a cozy stone fireplace perfect for those blanket-cuddling nights. For the culinary enthusiasts, a chef's kitchen awaits, featuring brand-new granite countertops and stainless steel appliances. The spacious primary suite offers a serene retreat with a new, remote-controlled fireplace situated just beneath the TV, creating an upscale atmosphere. The spa-inspired ensuite bathroom includes a jacuzzi tub and rain shower, along with its own TV-perfect for indulgent bath salt, candle, and wine nights. Step outside to unwind on the covered patio, perfect with surround sound for your private gatherings, or gather around the firepit for family marshmallow-roasting moments. For a more elevated experience, enjoy breathtaking views from the deck while sipping on a cold beverage, reminiscing about the good times. With a new roof (April 2024), this home provides the perfect retreat from the hustle and bustle of everyday life. Conveniently located near the peaceful Canyon Lake with controlled access and low HOA fees, this is truly your sanctuary away from the world.
Source: SABOR #1835236
Source: SABOR #1835236
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 and Equal Opportunity Act.