120 Horsemint Way, San Marcos, TX 78666
5 beds · 3 baths · 2,167 sqft
$10k in buyer incentives to help YOU get into this spacious home this fall! Use this money to buy-down your interest rate to make the monthly payment more affordable, or use it toward your closing costs - choice is yours! Motivated seller ready to pass the keys along to someone that will love this house as much as they did. Located in the beautiful Trace subdivision on the south side of San Marcos with quick access to IH-35 and less than 10 minutes to New Braunfels one way, and the heart of San Marcos the other way. This spacious five-bedroom residence features a luxurious primary bedroom on the first floor, complete with lovely French doors leading to a private ensuite. Ideal for homeowners seeking both space and community amenities, this home offers two expansive living areas. The main level boasts an open-concept living room that seamlessly flows into the kitchen and dining area, while the second floor hosts a bright and airy loft. The kitchen is a chef's delight, featuring sleek quartz countertops, a glossy backsplash, stainless steel appliances, and a large island with extra seating. The dining area comfortably accommodates a long dining table and overlooks the living area and kitchen, making it ideal for entertaining. At the entrance of the home you'll find a half bath, perfect for guests, and across the hall is a door to your 2-car attached garage. Under the stairs is a spacious storage room for all the extras. Venture upstairs to find a loft with high ceilings and access to a full bathroom and four additional bedrooms. The backyard is a versatile space with two side areas optimal for a dog run, leaving plenty of room behind the home to create your own outdoor oasis. Residents of the Trace Community enjoy fantastic amenities, including a community pool, sand volleyball court, half basketball court, playground, covered pavilion with tables and bbq pits, and wide sidewalks perfect for an active lifestyle. Near Rodriguez Elem. Some photos are virtually staged.
Source: ACTRIS #9408417
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #9408417
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: #9408417
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