1518 Golf Course Rd, Gatesville, TX 76528
4 beds · 3 baths · 1,994 sqft
*Sellers may consider buyer concessions up to $10,000 for flooring, improvements or closing cost* Nestled amidst the serene beauty of 1.04 acres, this delightful 1950s country home exudes timeless charm and modern comfort. With 4 bedrooms and 3 baths, there’s ample space for family and guests. Imagine waking up to the gentle rustle of leaves outside your window. The property boasts beautiful trees that provide shade, privacy, and a touch of magic. Convenience meets functionality with not one, but three driveway entrances. Easy access for you and your visitors. Furry friends are welcome here! The enclosed dog pen ensures a safe and happy space for your canine companions. A 13x24 barn and lean-to horse stalls (45x15) add character and utility. Whether you have horses or simply love rustic charm, these structures are a bonus. A big shed (10x17) and a smaller storage area (8x8) provide room for tools, equipment, and seasonal items. Surprisingly, this idyllic property lies within city limits, offering the best of both worlds—country living with urban amenities. Recently painted and trimmed, the home gleams with renewed vitality. Host gatherings, sip your morning coffee, or stargaze on the side deck—it’s the perfect spot for making memories. This enchanting home invites you to step back in time while enjoying modern comforts. Don’t miss the opportunity to call it yours! Call today to schedule your showing. *Owner Financing option is available with terms of 60% cash down payment, 40% owner financed for 10 years at 7% interest rate.*
Source: CENTRALTEXAS #558412
Financials
Source: CENTRALTEXAS #558412
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.