291 N Mesquite Dr, Victoria, TX 77905
3 beds · 3 baths · sqft sqft
Conveniently located ranch style home is just 10 min outside of the city limits nestled on a quiet street on .85 acres with mature trees and no backyard neighbors. You’ll LOVE this updated 3BR/2.5BA, 2 living and 2 dining areas, separate dry bar, large laundry room with tons of storage, oversized 2 car garage and 16’x20’ shop property. Enjoy your morning coffee on the INVITING covered front porch and sunset from one of two back patios. WELCOME friends at the entryway flowing into the alluring kitchen designed with ease of flow in mind featuring striking granite countertops, custom cabinetry, and stainless steel appliances. The connecting breakfast room with French doors opens to a cobblestone patio leading to a large oversized patio/slab. ENTERTAIN at the dry bar with storage for your favorite wine selections. The SPACIOUS main living are has a COZY fireplace serving as the centerpiece. You will LOVE the additional living space/flex room with half bath that can be used as an office, entertainment, or playroom catering to your family’s growing needs. The newly renovated pantry area with sliding barn door boasts great space for storage and utility. LARGE BEDROOMS! The primary bedroom suite offers ample space and features a walk-in shower and beautiful accent paint selections on the vanity. Each spare bedroom has great closet storage while the spare bathroom has plenty of cabinet/vanity countertop space with a pristine tiled tub/shower combo. You will LOVE the oversized back patio in the backyard perfect for relaxation and entertainment or full court basketball with the kids. The large storage shed is a perfect workshop or storage unit. Without any neighbors near and pastureland in back, you will truly enjoy the "country living" allure while still being near shopping, grocery store, etc. New to the country living, don’t forget LOWER TAXES, NEWER roof, NEW aerobic septic system, NEW A/C and HEAT and high efficiency window treatments. Go and meet your dream home today!
Source: CENTRALTEXAS #551301
Source: CENTRALTEXAS #551301
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: #551301
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.