1413 Springdale St, Waco, TX 76710
2 beds · 1 baths · sqft
Oh! This is the house for you. Classic 1940s and contemporary 2000s meet to give you a beautiful home. This 2 bedroom 1 bath house is the perfect for the newlyweds or the single person. You are just off Bosque Blvd which puts you at Extraco Events Center or shopping in minutes. A green space at the end of Springdale St would be a great play space for the fur babies. The young couple that owns it now loves it so much. They wish they didn't have to sell but life has other plans. They worked on the bones of the house as well as the aesthetics of the home. Both the plumbing and AC were completely renovated in 2022. This house is not just a place to live but a home to persevere. Relaxing in the living room will give you the warm history of a home, place, and time. Enjoy the dining room, which overlooks the backyard, where eating is an event, not just a physical must. The backyard is a place of peace, where birds and wildlife will converge with you to share life. Can you smell grandmother's cookie recipe come to life? Only if you decide that it is time for you to live at 1413 Springdale.
Source: CENTRALTEXAS #555983
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #555983
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: #555983
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