800 Molasses Rd, Dale, TX 78616
3 beds · 2 baths · 1,776 sqft
Welcome home to this serene country setting under the trees. You'll never get tired of coming home to this 10 acres at the end of a quiet gravel road. The 3 bedroom, 2 bathroom home is nestled under mature trees, has a covered porch that extends the front of the home, and a carport. An open floor plan with natural light make this home so welcoming! The open faced cabinets in the kitchen, abundant counter space, and views overlooking the pond will win your heart. A large bonus room is just off the front porch--a 4th bedroom, game room, storage, or craft room would be excellent options. The RV Carport measures 35'x20' and has septic and electrical hookups. Just off the lovely back patio is a pond that is stocked with cat fish, hybrid blue gill, and regular perch. Fruit trees stud the property--crab apple, apple, fig, and pear trees all give fruit. The raised bed gardens are ready for your green thumb. Beyond the home is a horse barn with 5 stalls and is cross fenced with a riding pen. The tack room is 12'x13'. The front of the property includes mature live oaks and walking/riding trails but just beyond the tree line are 5 +/- acres of cleared pasture that would be perfect for grazing, building, or recreation. This property is truly magical and you must see it to believe it! Convenient to Lockhart, Bastrop, San Marcos, and Kyle--don't miss this gem! Aqua water available to hook up to this property--ask for details!
Source: ACTRIS #5238796
Source: ACTRIS #5238796
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: #5238796
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.