400 Lange Rd Wimberley, TX 78676
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About this home
Welcome to 400 Lange Rd, Wimberley, TX – a captivating 3-bed, 2-bath haven spanning 1686 sqft on 1.26 acres of unrestricted land with an approved CUP. Originally built in 1940 and fondly known as the Pastor's House, this gem has undergone a meticulous renovation, blending vintage charm with modern allure. Step into the formal dining room adorned with a wood-burning fireplace, creating an inviting ambiance for gatherings. The chef's kitchen boasts original cast iron sinks and features an imported Bertazzoni range, seamlessly combining functionality and elegance. A cozy sitting room offers a tranquil retreat, overlooking the beautiful backyard adorned with mature oak trees. The property's charm extends outdoors with multiple patio areas, each equipped with fireplaces, perfect for entertaining guests or enjoying serene evenings. This residence boasts all-new Anderson windows, updated plumbing and electrical systems, a new water heater, and a new central heating and air conditioning system, ensuring comfort and efficiency. The large mudroom doubles as a laundry room, adding practicality to everyday living. Nestled in the backyard is a charming 1800 SF barn and rock house, adding character to the landscape. As a unique feature, this property comes with exclusive rights to access the Blanco River, providing residents with a picturesque waterfront escape. Embrace the fusion of history and modern luxury in this meticulously restored home. With its versatile zoning allowing for shortterm rentals, restaurant, or event venue, 400 Lange Rd offers a rare opportunity for both personal enjoyment and entrepreneurial ventures. Don't miss the chance to own a piece of Wimberley's history – a timeless sanctuary where old-world charm meets contemporary comfort. Furniture can also convey with the home!
Source: ACTRIS #1587472
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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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