261 Westridge Dr, Moody, TX 76557
4 beds · 2 baths · sqft
Discover the perfect blend of spacious country living and modern comfort on the stunning 4.78 acre property. This little slice of heaven not only has a main residence but includes a massive 30 X 60 slab workshop that also has living quarters that include power and mini-split AC system. The property has working cattle-pins with a squeeze chute as well as several pole barns throughout the property to house all your outdoor toys. The main residence offers ample space for both relaxation and productivity. The house presents with three generously sized bedrooms that include a sequestered master and a fourth room that may be used as a flex space or office. The kitchen features contemporary appliances, abundant counter space, and stylish custom cabinetry. Whether you're preparing a quick meal or hosting a lavish gathering, this well-designed kitchen caters to all culinary needs. The homes semi open-concept design seamlessly connects the living, dining, and kitchen areas, creating an inviting atmosphere ideal for entertaining or unwinding after a long day. Large windows flood the space with natural light, enhancing the home's warm and welcoming ambiance. Come sit and enjoy your mornings or evenings, under the covered patio, looking amongst the mature trees of the properties landscape for this truly unique nestled place provides a one-of-a-kind Texas feel!!
Source: CENTRALTEXAS #560193
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #560193
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #560193
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.