451 Stone Loop, Castroville, TX 78009
3 beds · 4 baths · 3,316 sqft
Welcome to your new home! *Use preferred lender for Zero loan origination fees!* *Reach out for more info!*. Welcome to this spacious home where the open floor plan makes gatherings and entertaining easy and enjoyable. You'll enjoy cooking in your Texas sized kitchen with ample counter space and double ovens. There is plenty of storage in the massive pantry! Custom Michael Edwards cabinetry add to the beauty, while the white quartz counters add a pop to the large island. There is plenty of natural light with the wall of windows off of the living and dining rooms. The primary suite is huge and leads into the en-suite where you'll find a luxurious rotunda shower, a separate large soaking tub, and an oversized closet that connects to the laundry room. All 3 bedrooms in the home have en-suite bathrooms and walk in closets. Go out back to the large, covered patio and private backyard ready to be transformed into your own oasis - what can you envision for this ONE acre lot? Already pre-wired for surround sound in the living room and back patio. Plenty of parking in the large, 3 car garage that stays cool with the mini split. Schedule a showing today, check out this beautiful home in this small gated community of only 93 houses. *7 years left on Builder Structural Warranty*
Source: SABOR #1801550
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1801550
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 30-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: #1801550
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.