2890 CORAL SKY, Seguin, TX 78155
Perry home on a spacious & inviting corner lot, with approximately 0.3 acres of land. The updated wood flooring throughout adds a touch of elegance and warmth to the interior. The kitchen is a dream with its osmosis system, stainless steel appliances, breakfast bar, ample cabinet space and granite countertops. It's clearly designed for both functionality and style. The living room, equipped with surround sound, appears to be the ideal space for hosting gatherings and entertaining guests. Meanwhile, the separate master suite sounds like a peaceful retreat, boasting an ensuite bath with dual vanities, a garden tub, a walk-in shower, and his and her closets for added convenience. The upstairs area sounds equally impressive, featuring a loft area and a movie theater with top-of-the-line projector equipment. The inclusion of a half bath upstairs is a thoughtful addition. Decked attic storage provides practical storage solutions, while the 14 solar panels, sprinkler system, water softener, gutters & 8x12 Storage building ALL add to the home's convenience and comfort. The tandem bay side of the garage with its workshop built-ins, offers a space for DIY projects or hobbies. After a busy day, unwinding on the screened porch sounds like the perfect way to relax and enjoy the outdoors without the hassle of bugs. Overall, this home seems to offer a perfect blend of comfort, functionality, and entertainment options, making it an ideal choice for a discerning buyer.
You may be able to put down less than the total down payment amount of $265,982 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: #1784698
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.