2966 Mackey Ranch Rd, Moody, TX 76557
4 beds · 3 baths · 3,341 sqft sqft
Welcome to 2966 Mackey Ranch Road, a stunning ranch-style home nestled on 5.38 acres, having the perfect blend of elegance and space. This 4-bedroom, 3-bathroom property includes a large three-car garage that is spray foam insulated with new sheet rock and A/C and a beautiful pool area for outdoor enjoyment. Upon entering, a spacious formal dining room greets you to the left, while an additional office space or potential fourth bedroom is on the right. The heart of the home is the expansive living room, featuring a vaulted beamed ceiling and a striking wood-burning stone fireplace, with large windows inviting ample natural light. Adjacent to the living room is a well-appointed kitchen with a generous island and seating, ideal for gatherings. The kitchen includes a convenient coffee bar, an electric cooktop with a pot filler, double ovens, and abundant cabinetry. The back of the home includes a second living area and game room, providing plenty of space for relaxation and entertainment. There's also an additional kitchen-adjacent area for extra storage and functionality. The primary bedroom is a true retreat, with a spacious dual walk-in closet and a luxurious ensuite bathroom, complete with a tiled walk-in shower and dual vanities. This home is a rare gem, providing both comfort and sophistication. Schedule your private showing today!
Source: ACTRIS #2915630
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #2915630
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: #2915630
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.