505 San Saba St, Lockhart, TX 78644
3 beds · 1 baths · sqft
This charming 3/1 property blends modern comforts with small-town charm, offering the perfect balance of tranquility and convenience, located in the growing and vibrant community of Lockhart, Texas. This well-maintained home boasts a spacious open-concept living area, ideal for family gatherings or entertaining guests. Each of the three bedrooms are equipped with it's own window AC-heat unit, providing efficient temperature control and keeping utility bills low. A fourth window unit in the living area further enhances efficiency. Enjoyed your coffee in the morning on the east facing covered patio, or enjoy a cold plunge in the fenced backyard that provides a private space for relaxation or outdoor activities, while the xeriscaped yard offers a low-maintenance, water-efficient landscape that reduces upkeep and water bills. This home is conveniently located just minutes from downtown Lockhart, where you will be close to the town's rich cultural and artistic scene, as well as essential amenities like HEB and Ascension Seton Medical Clinic. Lockhart is quickly becoming one of the most sought-after areas in Central Texas. Known as the "Barbecue Capital of Texas," this vibrant town offers a rich cultural history, local businesses, and charming architecture. In recent years, Lockhart has seen exciting growth with new dining spots, retail establishments, and entertainment options making it an appealing place to live. Situated just 25 miles south of downtown Austin, this home offers an easy commute for professionals who want to live away from the hustle and bustle of the city while still having quick access to everything Austin has to offer. Whether you're driving to work or enjoying a day out, you're never far from Austin's tech hubs, entertainment districts, and recreational activities. Highway 183 offers a direct route into Austin, and nearby public transit options make it a convenient choice for commuters. So come see this fantastic opportunity to own a beautiful home in one of Texas' up-and-coming communities. Whether you're a first-time homebuyer, looking to resize, or searching for a charming property in a growing town, this home is sure to check all the boxes. Schedule your private showing today!
Source: SABOR #1825828
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1825828
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: #1825828
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.