1212 Loma Rnch New Braunfels, TX 78132
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About this home
Rare opportunity to own a like-new home in the 2020 Community of the Year, Meyer Ranch! This Gehan Homes Maldives floorpan offers a single story, 4 bedroom 1910 SF home featuring 3 sided masonry with brick, a private master bedroom with beautiful oversized walk-in shower, large closet spaces and upgraded flooring throughout. This open concept design includes a spacious walk-in kitchen featuring 42" wood cabinetry, huge island, state-of-the-art Whirlpool stainless appliances, granite counters and a natural gas range. Walk out to a spacious extended covered patio in the back that faces a greenbelt for added privacy. This home is already fenced with a gate and includes an irrigation system throughout. Meyer Ranch has amenities to appeal to every member of the family. In addition to those you'd expect to find, like a swimming pool and clubhouse Meyer Ranch offers amenities that make it unique among new home communities in New Braunfels TX. Coming in 2022: THE HAUS will be the heart of Meyer Ranch located on over 2.5 acres! Modern, fully equipped fitness center Over 3,000 square feet of Resort-style swimming pool, splash pad and green spaces for play. COMMUNITY GREEN: Enjoy concerts on the event lawn, HOA Sponsored Events, Food Truck Nights, Playground, Firepit and monthly events for all residents. DOG PARK: A brand new park including a large fenced-in area. Let your furry friends run and play! Meet other dog lovers and their pups and a seating area where you can relax. GREEN SPACES & TRAIL SYSTEM: Take in the beauty of the Hill Country and enjoy some solitude. Meet up with friends and enjoy the outdoors. Stretch your legs on both natural and man-made trails. COMMUNITY EVENTS: Monthly event calendars created every month! Mix and mingle with your neighbors, sample goodies from food trucks, enjoy seasonal celebrations and much more! This is the community to live in if you are looking for that special place to call home in the Texas Hill Country. ** Community Enhancement Fee (0.25% of sales price) and Working Capital Fee ($300) to be paid by BUYER at closing.
Source: SABOR #1880651
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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.
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