1187 Indian Pass, Salado, TX 76571
4 beds · 3 baths · 2,876 sqft
Don’t miss this rare opportunity to make your French Country Estate style dream a luxury reality. Designed by Southern Living, this 5 acre fully fenced in estate has it all with a low tax rate. Sought after craftsman builder Delton Stuckly Homes has done it again with exquisite finishes and attention to detail around every corner. Enter through your own private automatic gate. Front and back yard are both fenced, have 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 hide-away 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 area. This beauty is sure to be your forever home!
Source: ACTRIS #2243533
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #2243533
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: #2243533
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.