1155 N Lillian St, Stephenville, TX 76401
3 beds · 2 baths · 1,945 sqft sqft
Welcome to this charming 3-bedroom, 2-bathroom home that balances comfort and convenience. Step into an open-concept floor plan perfect for easy living and entertaining. The large kitchen with extensive cabinetry provides a blend of functionality and style. Low-maintenance laminate flooring adds durability and a modern touch to the living area. A cozy den, highlighted by a wood-burning fireplace, invites you to relax and unwind. Throughout the home you will find an abundance of storage, perfect for keeping everything organized. Venture outside to find an impressive oversized backyard shaded by mature trees for a serene atmosphere. The vaulted, well-lit outdoor living space is ideal for gatherings, complete with room for an outdoor kitchen, dining, and lounging. You will also find a spacious workshop with electricity and AC unit for projects or hobbies. To the side of the house you have a fenced off area perfect for a dog run or garden. This lovely home is located near Tarleton State University and offers quick access to dining, shopping, and amenities. Experience the blend of cozy indoor comfort and versatile outdoor living, call today!
Source: NTREIS #20771881
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20771881
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: #20771881
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.