221 SPLIT RAIL DR, San Marcos, TX 78666
Move-in ready, Perry home priced to sell quickly!! Welcome to your future dream home in the heart of the acclaimed Blanco Vista Community! This 4 BD | 3BA home offers a modern, open-concept layout that seamlessly combines the kitchen, family room, and dining room for effortless entertaining and daily living. From the moment you step in, you are immediately captivated by the soaring ceiling that opens to the second level, giving the space a sense of grandeur that sets the tone. On the main level, you'll find the primary bedroom and an additional bedroom, perfect for easy access and convenience; while the second level boasts two more bedrooms and a spacious loft area, providing plenty of space for family or guests. The kitchen features bright white cabinets, elegant granite countertops, a breakfast bar and energy-efficient stainless-steel appliances. It flows effortlessly into the family room, where soaring ceilings stretch to the second level, enhancing the bright and airy atmosphere created by large windows that flood the space with natural light by day and picturesque moon views at night. The home also features a 2-car garage with beautifully epoxy-coated floors, adding a polished and durable finish to the space. Blanco Vista seamlessly blends small-town charm with big-city convenience. Nestled along the banks of the Blanco River, just north of San Marcos, this community offers top-tier amenities such as a TEA-recognized elementary school, a stocked fishing pond, a Junior Olympic-sized pool, and a splash pad. Scenic hiking trails invite outdoor adventure, while the tranquil setting provides a peaceful escape from the bustle of IH-35, yet, all the essentials remain close at hand; making it an ideal place to call home. With a strong sense of family and community, Blanco Vista promises an exceptional quality of life, offering the best of comfort, charm, and convenience.
You may be able to put down less than the total down payment amount of $135,918 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: #8083379