1218 Magnum New Braunfels, TX 78132
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About this home
Welcome to hill country living on 1.13 acres in the highly sought-after Vintage Oaks community. Tucked away on a quiet cul-de-sac and backed by a greenbelt, this home offers privacy and space. An open-concept layout connects the main living areas, where a stone fireplace and crown molding create a warm, inviting feel. Wood flooring runs throughout most of the home, with the exception of two bedrooms, the bathrooms, and the laundry area, adding both style and continuity to the space. The kitchen features a gas stove, quartz countertops, tiled backsplash, plenty of cabinet space, and a large island accented with stone on one side; ideal for both everyday use and entertaining. The primary suite is tucked away on its own side of the home for added privacy. The bathroom includes separate his-and-hers closets, dual sinks, a large walk-in shower with a bench, a separate garden tub, and built-in shelving for extra storage. The two secondary bedrooms are connected by a Jack-and-Jill bathroom, offering convenience and functionality without sacrificing space. A dedicated office adds flexibility for working from home, school, or hobbies. A three-car garage and four-side rock exterior provide both practicality and curb appeal. The home also includes a water softener and two water heaters; one recently installed and the other being replaced. Outdoors, a spacious yard and outdoor fireplace create the perfect setting for relaxing or gathering with guests. Living in Vintage Oaks means access to resort-style amenities, including a Olympic size pool with a lazy river, clubhouse, fitness center, sports fields, walking trails, and more. Acreage, privacy, and a location that continues to hold its value. This property offers the lifestyle buyers are seeking in the Texas Hill Country.
Source: SABOR #1914778
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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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