319 WILLIAM MOON WAY, San Marcos, TX 78666
Discover this beautiful 2-story home that comes with 3 comfortable bedrooms, 2 full bathrooms, and a handy powder bath. You'll find a study for your work-from-home needs and a game room for fun and relaxation. The kitchen and bathrooms feature stylish wood-stained cabinets and lovely countertops, and the front door has a charming glass panel. This home sits on a large lot and includes a fantastic balcony on the second floor at the back. The yard is fully landscaped with grass and has an irrigation system in both the front and back. You'll also enjoy a covered patio, and the home comes with blinds, a washer, and a dryer. The best part? The seller offers direct financing with rates similar to banks but without the hassle and high closing costs. If you're self-employed or a business owner and have had trouble qualifying for a mortgage, this is your chance to own a nearly new home. And it’s ready for you to move in! Available with owner-to-owner financing, making it easy to qualify. If you thought buying a new home was out of reach, think again—this is your opportunity! HOME IS MOVE-IN READY!! Disponible financiada de dueno a dueno, facil de calificar)! Si pensaban que no podian comprar casa nueva, esta es su opportunidad!
You may be able to put down less than the total down payment amount of $37,029 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: #8304342