1250 Old Nolanville Rd, Nolanville, TX 76559
4 beds · 3 baths · 2,818 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Step into the charm of country living, with the conveniences of modern life just minutes away! This rare, 10.5 acre property offers the perfect balance of tranquility and convenience, with easy access to all the amenities the city has to offer while providing plenty of space for your personal projects and outdoor activities. This single-story, brick home boasts 4 bedrooms and 3 bathrooms, providing ample room for family and guests. The home also features an office, two spacious living areas, and two dining spaces, making it perfect for entertaining or everyday comfort. A stunning stone, natural gas fireplace adds warmth and charm to the living space, while dual AC/heater units, including a newer smaller unit replaced in 2022 and a larger unit replaced in 2024, ensure year-round comfort. The master bathroom is a retreat of its own with a double vanity and separate tub and shower, offering both luxury and convenience. Ethernet cables run to three bedrooms, the study, and the outbuilding, which has potential as a guesthouse with its own window unit for added comfort. The property is equipped with electric and gas throughout and features a new roof installed in 2024. The attached 2-car garage with side entry adds convenience, and security is enhanced with two cameras monitoring the premises. Outside, you'll find a variety of chain link and barbed wire fencing, providing both security and privacy. The fire pit and back patio are ideal for relaxing and enjoying the peaceful surroundings. The property also boasts a picturesque setting with mature trees, partial wooded areas, and an exceptional view. Nolan Creek runs along the northern boundary of the property, and a small tank with a dock adds to the charm of the land. Hunting is permitted, allowing you to fully embrace the outdoor lifestyle. Whether you're looking to unwind in the serenity of nature or enjoy the proximity to city conveniences, this property offers the best of both worlds.
Source: ACTRIS #1153429
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #1153429
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.