404 Spiny Lizard Ln, San Marcos, TX 78666
2 beds · 3 baths · 1,158 sqft
Welcome home to your adorable 2bd 2.5 bath home on a corner lot in the great community of Trace. This home offers a large living area, a designated dining area & a modern styled kitchen, creating an open concept that you can enjoy while you entertain. The inviting front porch is waiting for your special touch. With plenty of room to enjoy morning coffee, you will undoubtedly fall in love with this home! Inside, you will find your spacious breakfast area and enjoy a huge bay window while basking in the natural light, watching the children and birds play in the spacious backyard. Gather for feasts around the oversized peninsula island with plenty of room for barstools and more seating. Stainless steel appliances and quartz stone counters make preparing meals easy. Your guest will enjoy the bathroom downstairs next to the laundry room. Upstairs you will find the primary bedroom fit for a king, with a stand-up shower and a walk-in closet. The secondary bedroom across the hall is perfect for the kids or guests! With the full bathroom located in the hall, the coziness is plentiful! The upstairs balcony is perfect for taking in breezy evenings before calling it a day. THERE IS NO CARPET! All flooring was replaced in early 2023 with vinyl plank flooring. With schools close by, and a superior outlet mall just minutes away, you will have it all with this property! For commuters to Austin, New Braunfels or San Antonio, this is a great location. The community offers a pool, playground, sand volleyball court, half basketball court, and a cabana with a sink, tables, and grills. Rodriguez Elementary sits in the center of the neighborhood with easy access to walk to school. Whether you're looking for a starter home as your primary residence, interested in an investment property, or a second home for your travels, this Craftsman has everything you need! Appliances include dishwasher, oven-stove, built in microwave, water softener system, UV sanitizer in AC!
Source: ACTRIS #1955275
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #1955275
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: #1955275
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.