250 COUNTY ROAD 367, Taylor, TX 76574
USDA eligible. Current is VA (ask about VA-VA assumption option) Location - Acreage- Brimming with opportunity, this gated and fully fenced property at 250 County Road 367 sits pretty as a picture on it 3.3 acres, framed by a pecan tree orchard and other fruit trees. City of Taylor restrictions. County Road 366, is just 3 properties away. Consider the Carport as update option to Primary Bed & 2nd full bath! When you walk up this this updated 1930’s home, you are welcomed by a large covered porch, inviting you to swing a moment. You’ll love the spacious eat-in kitchen flowing with natural lighting, newer cabinetry, white appliances, and flooring. 10ft ceilings. 2024 -DAIKIN heatpump Minisplit HVAC. Large full bath. Formal Living & formal dining. The rooms are large, spacious rooms. Two bedrooms are down; loft/bedroom/bonus room up. Newer carpet in bedrooms and loft. Metal roof on home and metal workshop. The recently new 4 car size metal garage/workshop is finished out with sheet rock, garage door, and has full electricity for lights and 110v, with the panel is readily upgradeable to 220v or other as needed. The back third of the property is set up for livestock with a four-stall horse barn, partial corral, and Water tank at back of the acreage. The middle third hosts a generous garden space. Note the chicken coop or Storage building for lawn and gardening equipment. Pre-existing propane lines might be re-established and a tank re-installed. Place to set up RV hookup. Taylor is a bustling hometown on Highway 79 just East of Round Rock, and Hutto and upper boundary of Taylor near the newly upgraded Country Road 366. and is a growing community with Samsung Austin Semi Conductor plant under construction & More.
You may be able to put down less than the total down payment amount of $166,969 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: #9201749
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.