144 Wild Horse Ln, Pipe Creek, TX 78063
4 beds · 2 baths · 1,851 sqft
MUSTANG CROSSING - 2.5 Acres in the very desirable community of Mustang Crossing which offers admittance to a river park on the Medina River to play, swim, hike with a view of carved canyons that have been shaped for centuries. This charming neighborhood is perfect for the commuter to everywhere, San Antonio, Boerne, medical center & more. The moment you arrive you'll immediately recognize this is not the normal 4bed/2bath 2557 sqft brick home. The giant Texas rock garden instantly displays the love & care given to this beautiful usable land. Paved driveway, large mature Oaks, fenced yard w/2 electric gate entry. Large entertainment room named (Want to be Bar), game room, extra master, art studio use is limited only by your imagination. RV port, full RV hookups, Large shop/RV garage w/roll up doors, green house, 2 guest quarters with small fenced yard, 5 garages, 3 attached, 2 carports, large shop/small shop, storage room, so much space & plenty of room for more of anything. The home has a large living area, brick fireplace, beautiful floors, creatively decorated Kitchen with plenty of cabinet space that leads to Laundry room. Large master suite with walk-in-closet, walk/roll in door-less shower stall, ceiling fans for a relaxing retreat. Gutters, lightning rods, ramp entry, large front & back yards, back patio with sitting area for nights under the stars are just some of the many extras you will enjoy. This is one of a kind, a true Texas jewel! Call for your appointment today! *Furniture & appliances negotiable*
Source: SABOR #1848360
Financials
Source: SABOR #1848360
Source: Public records
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%. 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.
Other resourcesWhat 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.
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