160 COUNTY ROAD 4745, Kempner, TX 76539
You don’t even have to leave your home when you own this 3-year-young Carothers-built home nestled behind a privacy screen of mature trees on a 1.49 acres lot abutting onto privately owned ranch land. A spacious, covered front porch is an ideal spot to welcome lucky guests. A beautiful, etched glass adorned front door opens to the light-filled, open lay-out interior. Wood-look hard tiles blanket the flooring throughout the home creating an allergy-friendly and easy-clean interior. Raised ceiling underscores the generous proportions of the living room, dining area, and gourmet’s choice kitchen, which features a voluminous center island, a bevy of crisp, white cabinets, granite countertops, tiled backsplash adorned with an eye-catching accent, stainless steel appliances, and large walk-in pantry. Primary suite is positioned to the rear of the home for privacy, and boasts impressive dimensions, custom accordion pleated blinds, and a tastefully appointed primary bath with deep soaking tub, separate huge, tiled shower, dual sink vanity, and walk-in closet. The opposite wing of the home houses the nicely sized minor bedrooms flanking the hall bath. The exceptionally large utility room, outfitted with a mop sink, loads of storage cabinets, and a window for natural light - links to the twin bay garage boasting a huge storage area that could easily pull double duty as a tandem third car bay. Venturing out to the back yard a gigantic, covered patio is perfect for large gatherings or just sitting and enjoying the famed Texas sunsets. Quick possession possible!
You may be able to put down less than the total down payment amount of $6,697 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: #1860436