282 Spring River Dr, Martindale, TX 78655
4 beds · 3 baths · 1,754 sqft
Ready for tubing season! This home has neighborhood private river access and walking distance to Texas State Tubes. For those looking for investments, neighborhood does allow short term rentals and for long term rentals this property will lease out for $2000-$2200 per month. Welcome to this delightful 4-bedroom, 2.5-bathroom home, perfect for those seeking comfort and style in a serene setting, over half acre, large workshop, property backs to greenbelt and has private San Marcos River access as part of the community, just 1 block away from private community access including Texas State Tubes. Recently refreshed with new paint throughout, new windows, this home feels bright and inviting from the moment you step inside. The kitchen boasts stainless steel appliances and plenty of space to prepare and enjoy meals with family and friends. The living room features a cozy fireplace, creating a warm ambiance for relaxing evenings.Upstairs, you'll find four spacious bedrooms, including a primary suite with its own private bath. Outside, the backyard is a true retreat, complete with a deck and patio perfect for entertaining or unwinding under the stars.For the car enthusiast or hobbyist, this property includes a 2-car attached garage and an additional detached garage or storage space. Welcome Home! Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
Source: ACTRIS #9044738
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Why Roam
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #9044738
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.