508 E Austin St, Bellville, TX 77418
4 beds · 4 baths · 4,263 sqft sqft
Welcome to Mockingbird Landing, a 100 year old stately home in the heart of Bellville. The crafted stairway, crown molding, high ceilings and original windows, wrap you in the warmth of this classic home that has been painstakingly updated while preserving the uniqueness of its original owners. Picture yourself hosting an elegant dinner in the formal dining room with cocktails served from the parlor or enjoying board games by the fire in the expansive family room. The kitchen intertwines yesterday with today’s gourmet cooks! Recent updates include roof, HVAC, flooring, paint and fencing. Four-plus bedrooms and three bathrooms round out this charmer that currently serves as a VRBO/AIRBNB! Perched on a high elevation, its name is perfect!! Whether you are looking for an investment property or a place to call “home”, Mockingbird Landing is calling you. Bellville real estate is HOT and this unique charmer offers the kind of country quality living Bellville is known for!
Source: HAR #87110223
Interest rate and monthly payment estimated based on public records.
Source: HAR #87110223
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: #87110223
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.