112 Chattanooga Ct, Belton, TX 76513
3 beds · 2 baths · 2,624 sqft
Want to live in close proximity to Lake Belton? Then this is the home for you, nestled in a cul-de-sac with no back neighbors and next to a drainage area that will not be built on for extra privacy! This 3-bedroom 2.5-bathroom home with an office has a modern merge of industrial farmhouse style throughout. The kitchen is equipped with a gas double oven range, hidden coffee bar, butler’s pantry with a wine and beverage fridge. No upper cabinets for a light and airy feeling, but no worries on storage options with the oversized drawer and lower cabinet space throughout the kitchen, butler’s pantry and pantry! The living room features wood beam accents on the ceiling to bring in that farmhouse style with the industrial look of the steel and glass walls that enter the formal dining room and office. Master bathroom has a large, enclosed steel and glass shower with separate soaking tub. Oversized laundry room connecting to the master bedroom closet which is built out with a closet storage system and safe closet featured inside. Secondary bedrooms were built out as an in-law suite with a shared middle bathroom. Front bedroom closet was built out for a small kitchenette which is why it is not finished as a closet and has electric outlets for small appliances. Call today for this private showing of what you will want to call YOUR HOME!
Source: CENTRALTEXAS #562631
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #562631
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “Get Notified” 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 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.
MLS ID: #562631
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.