3407 Jim Brite Rd, Pleasanton, TX 78064
2 beds · 3 baths · 2,904 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your new slice of country life. Far enough from the city to enjoy the quiet country life, but close enough to San Antonio to commute. This property has 13.585 acres of land attached to it with a clean water well system, multiple septic systems and multiple structures on the property. The main home is roughly 1400 square feet and has 2 bedrooms and 2 and a half bathrooms. The home has 2 wood burning stoves for cozy nights in the winter and has washer and dryer hookups attached. It comes with a fully furnished kitchen with dishwasher, stove, oven, trash compactor, refrigerator, and microwave. This property also has several outside buildings: -Covered parking for 2 vehicles -Well system with 2 pumps and a 1500 gallon water storage tank -Feed shed to hold livestock feed and supplies -Chicken coop with passthrough egg collection with convertible ventilation -Workshop with huge amounts of storage, electricity, and convertible ventilation for hot summer days -Storage buildings -Covered parking for tractor and lawn equipment -Small greenhouse -Fully fenced property and yard with a 3 acre cross fenced section -Electric fence system to keep livestock out of yards -Huge oak and mesquite trees on the property -Large amounts of wildlife in the area come to drink at watering trough including: White tail deer Wild turkey Quail Dove Javelina
Source: SABOR #1825371
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: SABOR #1825371
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.