204 SUNSHADOW DR, Lockhart, TX 78644
Charming 3-Bedroom Home in a Serene Neighborhood Welcome to this beautifully maintained 1,431 sq. ft. home nestled in an established neighborhood filled with mature trees and no HOA. Built in 2001, this 3-bedroom, 2-bathroom residence offers modern updates and timeless appeal. Freshly painted and featuring new vinyl flooring throughout (with cozy carpeting in the secondary bedrooms), this home is move-in ready. The spacious primary suite boasts a walk-in closet and an en-suite bathroom with dual vanities, a large soaking tub, and a standalone shower. The secondary bedrooms are thoughtfully positioned on the opposite side of the house, ensuring privacy for all. The open-concept kitchen flows seamlessly into the dining area, perfect for entertaining. The inviting living room is highlighted by a cozy fireplace, making it the ideal spot for relaxing evenings. Step outside to the flat, privacy-fenced backyard where you’ll find a covered patio, perfect for outdoor dining and gatherings. With no rear neighbors, you’ll enjoy added tranquility and privacy. Additional features include a 2-car garage with a sloping driveway for extra parking, a 2-year-old HVAC system, and a roof that will be replaced before you move in. The washer and dryer are negotiable. Located less than 10 minutes from the toll road, under 20 minutes from Buc-ee’s and I-10, and just a mile from shopping and restaurants, this home offers both convenience and comfort. The community also features parks with more to come as the subdivision continues to grow. Don’t miss your chance to make this charming house your new home! Seller is paying $5,000 for buyer concessions/closing costs.
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: #1224185