3323 LAUREL HIGHLANDS DR, Salado, TX 76571
Living in Salado offers more than just a beautiful home. This historic town is known for its rich culture and vibrant arts scene. Did you know that Salado is home to the famous Salado Glassworks, where you can create your own glass art? Or that the town’s historic Stagecoach Inn is one of the oldest continuously running hotels in Texas? With local wineries, charming boutiques, and outdoor activities like fishing and hiking along the Salado Creek, there’s always something fun and exciting to do in Salado. This stunning one-story home sits on a spacious corner lot with fully paid-off solar panels. Step inside to find a formal dining area and a dedicated office with glass French doors. The living room features 12-foot ceilings, a custom-beamed tray ceiling, and a cozy wood-burning fireplace with a beautiful mantel. Wood-like tile runs throughout the home, with carpet only in the bedrooms for added comfort. The kitchen is a chef's dream with custom pull-out drawers in every lower cabinet, soft-close features, under-cabinet lighting, a double oven, and a versatile kitchen island. The primary suite offers maximum privacy with its own entrance to the covered back patio. The ensuite bathroom includes a garden tub, oversized walk-in shower with a seat, double vanity with granite countertops, and a spacious walk-in closet. Secondary bedrooms are located off the kitchen, sharing a bathroom updated with a walk-in tub. The laundry room features a convenient sink, while the three-car J-hook garage comes equipped with professionally installed shelves, additional electrical outlets, a whole-house water softener, and a temperature-controlled mini-split system. The large covered patio in the backyard provides ample space for outdoor activities. Salado offers a rich cultural experience, from the historic Stagecoach Inn to local wineries and outdoor activities along Salado Creek. This home is your gateway to the best of Texas Hill Country living!
You may be able to put down less than the total down payment amount of $199,301 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: #1757159