819 Mountain Dr, San Marcos, TX 78666
4 beds · 4 baths · 2,271 sqft
This beautifully crafted, single-story home sits on a generous 1-acre lot, offering a perfect blend of style, comfort, and functionality. As you step inside, you are greeted by soaring ceilings, elegant crown molding, and expansive windows that flood the space with natural light. The formal dining room and study are thoughtfully placed on either side of the foyer, creating an inviting atmosphere as you enter. The heart of the home is the open-concept kitchen and living room, designed for both entertaining and everyday living. The kitchen boasts a breakfast bar, cozy nook, custom tile backsplash, and ZLINE gas stove. With ample counter space, abundant storage, and a charming fireplace, this space is perfect for creating memories. Just off the kitchen, you’ll find the luxurious master suite, a true retreat. The spacious room features a tray ceiling with a fan and French doors that lead out to the serene patio. The ensuite bathroom offers a spa-like experience with an oversized dual vanity, a garden tub, and a separate shower—ideal for unwinding after a long day. Across the home, you'll discover three additional well-sized bedrooms and two full baths, one with ADA features, providing comfort and privacy for family or guests. The expansive backyard is a private oasis, featuring a full covered patio with ceiling fans, a massive custom Trex deck, and pergola perfect for enjoying tranquil mornings and evenings. For added convenience, the third garage/workshop includes an enclosed space complete with a half bath, heating, air conditioning, and plenty of room for projects or storage. Additional updates include a new roof, full HVAC system installed in 2021 & 2024, water softener as well as solar panels and a propane tank for added energy efficiency. The property also features fruit-bearing trees, including peach, lime, plum, and pecan, enhancing the outdoor charm.
Source: ACTRIS #3522290
Financials
Source: Public records
Source: ACTRIS #3522290
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.