1005 Mustang Trl, Harker Heights, TX 76548
3 beds · 3 baths · 2,200 sqft
Welcome to 1005 Mustang! This beautifully-kept home is ready for its new owner. With two levels of living space, this home is exactly what you've been waiting for! This home is conveniently located within close proximity to I-14, which will easily take you to post, local eateries, shopping, and beyond. Step under the covered porch and come see this home for yourself! Once you walk inside the home, you're sure to be amazed at the open air concept layout. The main level consists of a private study, a large living area, the galley kitchen and breakfast nook, the primary bedroom and bathroom, an updated half bathroom, and laundry room. Upstairs consists of a large secondary living space, two secondary bedrooms, and a shared full bathroom. You're sure to feel the benefit of the natural light pouring into the home during the day. The large living area on the main level opens to the kitchen and breakfast area, so you can easily keep the conversation flowing while entertaining. The primary bedroom and bathroom are on the main floor for easy access to relaxation after a long day. The tall ceilings give an airy, open feel to the primary bedroom and the primary bathroom features a garden tub, separate shower, double vanity sinks, and a walk-in closet. Upstairs, the large secondary living area could be used for an additional TV room, sitting area, library, play room, or whatever you need. The secondary bedrooms are nicely sized and share a full bathroom. The large back yard and front yard are sized well and beckon you to sit outside and enjoy the spring weather of Texas. The backyard has a playscape and covered patio. The covered patio benefits from a side privacy wall to add a layer of privacy from the neighbors. Staying with the home are the appliances (including washer and dryer), security system with video doorbell, playscape, wardrobe closet, and TV unit upstairs. Call today for more info!
Source: CENTRALTEXAS #574527
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: CENTRALTEXAS #574527
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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.