127 Oak Springs Dr, Seguin, TX 78155
4 beds · 3 baths · 3,200 sqft
Welcome to your secluded retreat in Oak Springs! Nestled on over 2 acres of lush privacy, this captivating two-story single family home offers the perfect blend of tranquility and luxury. Step inside to discover soaring high ceilings and an inviting open floorplan bathed in natural light, creating an airy and welcoming atmosphere. The kitchen is a chef's delight, featuring ample space adorned with pristine white cabinets, complemented by light countertops and gleaming stainless steel appliances. It effortlessly flows into the living room where a majestic fireplace stands as the centerpiece, adding warmth and charm to your gatherings. The primary bedroom, conveniently located on the main level, boasts a spacious five-piece en suite bathroom, providing a serene retreat within your own home. Upstairs you'll find additional bedrooms, each offering comfort and versatility, alongside a flexible space ideal for a home office or recreation area. Outside, your backyard oasis awaits, complete with a sprawling patio perfect for entertaining or simply relaxing in the sun. A bright and expansive in-ground pool overlooks acres of your own private land, ensuring endless opportunities for outdoor enjoyment and peaceful moments. The home was completely remodeled within the last 10 years, with approximately 600sqft of additional living space. The home also includes an energy saving Geo Thermal System for both the HVAC and water heater. Embrace the lifestyle you've been dreaming of in this exceptional Oak Springs residence.
Source: SABOR #1853100
Financials
Source: Public records
Source: SABOR #1853100
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.