2.99% Assumable Loan in New Braunfels!

Red Pear Medina

Joined: Apr 18, 2022

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10:41a, 11/13/23

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Check this out!

3 bedroom / 2 bath home in Voss Farms
2.99% Assumable FHA Loan with $198k balance
HUGE new back porch!
New Roof, New Fence

More pictures & info here: [url=https://www.realtor.com/realestateandhomes-detail/M9526860437][/url]https://www.realtor.com/realestateandhomes-detail/M9526860437

Now for some Monday fun...

Who can calculate the savings in assuming this loan VS a whole new note with today's rate?

Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty

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BiggiesLX

Joined: Oct 11, 2023

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In reply to Red Pear Medina • 12:14p, 11/13/23

So a buyer has to come up with about $120k in cash? Or can that portion be financed through the VA?

Red Pear Medina

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In reply to BiggiesLX • 12:20p, 11/13/23

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Correct, and yes! You can shop for your second lien, if needed.

Happy to hook you up with a lender if you need one - my contact info is in my profile.

MookieBlaylock

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3:12p, 11/13/23

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What VA lender will sit in 2nd on an FHA assumption?

Curious

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Red Pear Medina

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In reply to MookieBlaylock • 4:15p, 11/13/23

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#ReadTooFast

@BiggiesLX - VA has to be first in line, so they don't like second mortgages. However, other lenders would be happy to do it.

Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty