1620 Point Vw Spring Branch, TX 78070
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About this home
**SELLER OFFERING 5K BUYER CONCESSION W/ACCEPTABLE OFFER!** If you've been searching for a home that offers peace, privacy, and pride of ownership, your search stops here! This meticulously cared-for 3-bedroom, 2.5-bath, 1,943 sq. ft. home sits on a beautifully manicured 0.91-acre lot in the highly desirable Cypress Cove community near Canyon Lake. This property is move-in ready and perfectly combines comfort, convenience, and Hill Country charm. Just a short drive from shopping, dining, and major highways, it offers the best of both worlds-peaceful living with easy access to modern amenities. Interior Features: Open and Inviting Layout: The spacious living room with high ceilings and a cozy wood-burning fireplace flows seamlessly into the dining area and kitchen. Chef-Ready Kitchen: Equipped with a self-cleaning oven, stove/range, microwave, dishwasher, disposal, and nearly $5K refrigerator-all included! Main-Level Primary Suite: Spacious full bath and walk-in shower. Upstairs Bedrooms & Loft: Two generously sized secondary bedrooms plus a loft offer flexibility for family, guests, or a home office. Convenience Upgrades: Water softener and plenty of storage throughout. Exterior Features: Private and Peaceful Setting: Nearly an acre (0.91 lot size) of mature trees frame this large lot, providing a serene Hill Country atmosphere. Oversized Detached Garage: Ideal for parking, storage, or even a workshop. Outdoor Living: Room to create the backyard of your dreams-add a pool, firepit, garden, or enjoy the outdoor living space that is already here! Community Perks: Neighborhood Amenities: Sports court, playground, and a boat ramp to Canyon Lake! Low HOA Fee: Only $135/year
Source: SABOR #1889107
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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.