13001 RYDEN DR, Live Oak, TX 78233
Welcome to your dream residence! This stunning 3-bedroom, 2-bathroom home in beautiful Live Oak is adorned with upgrades galore, exuding charm at every turn. Step inside to discover the elegance of southern yellow pine hardwood floors that grace the spacious living areas, creating an inviting ambiance for both relaxation and entertainment. The heart of this home lies in its gourmet kitchen, adorned with new countertops, a custom kitchen island which offers ample storage space for dining as well as all your culinary essentials. Whether you're whipping up a quick meal or hosting a dinner party, this kitchen is sure to impress even the most discerning chef. Downstairs, you'll find built-in shelf space that's perfect for staying organized and clutter-free. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a perfect flow for everyday living and hosting gatherings with friends and family. Upstairs boasts a large master bedroom with updated bathrooms and flooring. Step outside to discover your own private oasis in the beautiful backyard. Whether you have a green thumb or simply enjoy soaking up the sunshine, this outdoor space is ideal for gardening, relaxing, and making memories. Conveniently located just minutes from I-35 and 1604, as well as Randolph Air Force Base (and only 13 miles from Fort Sam/JBSA!) as well as a plethora of dining and entertainment options, this home offers the perfect blend of comfort, style, and convenience. Don't miss your chance to make this well-loved gem your own - schedule a showing today and prepare to fall in love!
You may be able to put down less than the total down payment amount of $23,230 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1774390