14280 State Highway 16 N Medina, TX 78055
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About this home
Located in the heart of Texas Hill Country in Medina, this beautifully restored 1940s home blends classic charm with modern updates. The 3-bedroom, 2-bath residence is full of character, featuring crown molding, plantation shutters, original hardwood floors and a rock wood-burning fireplace. The updated kitchen offers contemporary touches like quartz countertops, stainless steel appliances, subway tile backsplash, and custom cabinetry. The spacious master suite feels like a private retreat, complete with abundant natural light, a large walk-in tiled shower, and double vanities. An indoor laundry room and water softener complement this stylish home. Outdoor living is just as impressive, with multiple large covered patios, wet bar, hot tub, and thoughtfully designed low-maintenance landscaping that ensures privacy. The property is fully fenced with high-quality materials and includes ample paved covered parking with space for an RV or boat. Three separate outbuildings offer plenty of room for tools, hobbies, or projects. Stay connected with available BEC fiber-optic internet and cable TV-making this charming Hill Country home as functional as it is beautiful. No HOA or restrictions-this property offers endless potential as a full-time residence, commercial space, or short term rental. Located near the popular Twisted Sisters trail, the scenic Medina River, Love Creek Orchards Apple Store and Camp Verde General Store. Zoned to Medina ISD.
Source: SABOR #1876646
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.