720 Belmont Dr New Braunfels, TX 78130
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About this home
Motivated Seller Alert! The seller is motivated and offering a $6,000 buyer's closing cost concession, which can be applied toward a variety of buyer expenses-such as interest rate buy-downs, prepaid insurance and taxes, lender fees, title costs, or closing expenses-helping make this home even more affordable and move-in ready. Discover this beautifully maintained single-story home nestled in the sought-after Walnut Estates neighborhood-where charm meets convenience and there are no HOA fees! Set on a generous .36-acre lot backing up to a tranquil greenbelt, this 4-bedroom, 2-bath home offers both space and serenity in a prime location. Step inside to find a welcoming, open-concept layout centered around a large kitchen with a generous island, ideal for cooking, entertaining, or gathering with family. The converted garage provides flexible bonus space-perfect for an office, extra storage, or an additional bedroom. Enjoy outdoor living in the mature, tree-shaded yard complete with a full sprinkler system-an inviting retreat for relaxing evenings or playtime with pets. Energy efficiency is built in with natural gas heating and a gas water heater, helping to keep utility costs manageable year-round. This home offers a wonderful opportunity for the next owner to add personal touches and make it truly their own. Located just minutes from local pubs, the picturesque Guadalupe River, and an abundance of parks-including Hoffman Park (0.3 mi), Fischer Park (0.6 mi), and Landa Park (2.0 mi)-outdoor recreation and small-town charm are always close at hand. Commuters will appreciate being only 26 minutes from Randolph Brooks Air Force Base with normal traffic flow. With its ideal blend of comfort, convenience, and value, this Walnut Estates gem is ready to welcome you home.
Source: SABOR #1892864
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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.