516 Marlin Cir New Braunfels, TX 78130
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About this home
BRAND NEW ROOF!! Welcome to your new home in beautiful New Braunfels! This stunning two-story home offers a perfect blend of modern comfort and classic charm. With 4 bedrooms and 2.5 bathrooms, this spacious property provides ample room for families and guests alike. The open-concept design seamlessly connects the living, dining, and kitchen areas, making it ideal for both everyday living and entertaining. Enjoy the elegance of beautiful countertops, ample kitchen and cabinet space and the convenience of two separate eating areas. Upstairs, you'll find a large master suite with a private en-suite bathroom, and garden tub perfect for private relaxation. There are 3 additional well-sized bedrooms that offer versatility and comfort. The central game room provides an abundance of space for relaxation or play. Outside, the covered patio and large backyard creates a delightful space for outdoor gatherings and leisure. Additionally, there is a lovely apple tree in the backyard, adding a touch of nature to your outdoor space. Located in a sought-after New Braunfels neighborhood, you'll enjoy close proximity to shopping, schools, parks and endless entertainment and recreation. Easy access to major highways makes commuting a breeze and puts everything you need conveniently close by. Experience the best of New Braunfels living in this exceptional two-story home. Schedule your tour today and see why this could be your perfect next address. Recent Upgrades Include: 2020 - New A/C Unit Capacitor, 2022 - New Water Heater Expansion Tank, 2023 New Exterior Breaker, Smart Phone App Compatible Garage Door.
Source: SABOR #1797578
Neighborhood
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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.