146 Silo St, San Marcos, TX 78666
4 beds · 3 baths · 2,382 sqft
Get a free consultation call with an expert in the mortgage assumption process.
** Assumable 3.125% loan, if buyer qualifies! 2382 sq. ft home. ** $15,219 in Down Payment Assistance and Grant available. 2382 sq. ft home. Large open living, dining and kitchen. Kitchen is grand and spacious. Downstairs you have a dedicated office/flex room. Garage has an EV station along with a garage door opener; updated the primary shower. 2023 and 2024 updates: * 2024 back yard fence; * 2024 Exterior Paint; * 2023 HVAC unit. Upstairs you will find a large over-sized primary bedroom with an updated bathroom. Four large bedroom rooms with ample space for living. Plus, you have a secondary flex area. Nestled on the banks of the Blanco River in San Marcos, Texas is the stunning, master-planned community of Blanco Vista. At Blanco Vista, you will find incredible amenities. This home is in close proximity to major employers, or access to premier shopping and dining. There is an elementary school in the Blanco Vista subdivision. There is something for everyone to enjoy at Blanco Vista. Residents at Blanco Vista have access to incredible amenities, right at their door step. Inside the neighborhood, you can enjoy a day at the Junior Olympic-sized swimming pool and splash pad or spend the day at the fully stocked fishing pond. Near the community is Five Mile Dam Park where you can spend the day fishing, boating, playing on one of the soccer fields or playgrounds, or reveling in the beautiful scenery on one of the walking trails.
Source: ACTRIS #3319982
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 #3319982
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 of Equal Opportunity Act.