1002 Center St, Lockhart, TX 78644
3 beds · 2 baths · 1,607 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Step inside 1002 Center St., where no detail has been overlooked. This beautifully updated home boasts extensive improvements that blend style and functionality throughout every room. Fresh paint throughout the entire home creates a bright and welcoming atmosphere. The living spaces are adorned with sleek new vinyl plank flooring, complemented by fresh baseboards and contemporary ceiling fans, and a gorgeous welcoming fireplace. The open floor plan seamlessly connects the living, dining, and kitchen areas, enhanced by high ceilings and skylights that flood the space with natural light, creating an airy and inviting environment. The cozy fireplace has been thoughtfully updated with refractory cement and firebrick, offering a warm and inviting focal point in the living area. The primary bath is a luxurious retreat, featuring a custom tile walk-in shower, high-end fixtures, and a specially installed soaker tub. This space reflects thoughtful design and sophisticated style, offering a serene escape for relaxation and rejuvenation. Nestled in a prime location, this home offers the convenience of being within walking distance from multiple elementary schools and a high school. Situated on a large lot, the expansive backyard provides ample space for outdoor activities and includes an inviting above-ground pool set on a compressed granite pad. Easily transformable into a space for a shed or pergola, this area offers versatility for outdoor enjoyment. The modern insulated garage door completes this stunning home's curb appeal. 1002 Center St. is move-in ready, waiting to welcome you home.
Source: ACTRIS #4447427
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #4447427
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.