1187 Indian Pass, Salado, TX 76571
4 beds · 3 baths · 2,876 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Make your French Country Estate style dream a luxury reality. Designed by Southern Living, this 5 acre fully fenced in estate has it all. Low tax rate. Sought after craftsman builder Delton Stuckley Homes has done it again with exquisite finishes and attention to detail around every corner. Enter through your own private automatic gate. Automatic sprinkler system, entire lot is graded, cleared and fully usable to make your pool and shop goals come to life. Always wanted a horse property? Well now is your chance. 2 horses allowed for this 5 acre homestead. With over 1K square feet of covered porch space, a front porch fireplace, beautiful architectural detailing truly make this home one-of-a-kind. 3rd car garage bay is air conditioned allowing for an additional flex space. The 8.1 kW solar power system is owned and PAID IN FULL. Inside you’re welcomed with 10-12’ ceilings, Restoration Hardware throughout, fully upgraded quartz countertops, European white oaks floors, abundant storage off foyer and throughout the home, picture frame doorways, mahogany exterior doors and an ample amount of windows to let ton’s of natural light in. The kitchen features a counter to ceiling marble backsplash, 5 burner gas cooktop, double oven, Electrolux counter depth fridge/freezer, under mount cabinet lighting and apron front sink. The primary bath is a retreat all on its own. Here’s you’ll find double quartz vanities, designer lighting, large walk in shower and a primary closet that includes a secret space. This flex space includes a mirrored front door that with extra shelving behind the door and beyond that is a large flex space. The living area includes cedar beams accenting the soaring ceilings, wood burning fireplace, a butler’s station with wine fridge, oversized pantry and a built-in desk. This beauty is sure to be your forever home!
Source: ACTRIS #2243533
Source: ACTRIS #2243533
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 and Equal Opportunity Act.