9823 Chelsea Cir, Selma, TX 78154
3 beds · 2 baths · sqft
Welcome to your future haven nestled on a serene greenbelt, offering peace and privacy in abundance. This charming single-story home is perfectly tailored for those seeking a harmonious blend of comfort and potential. Imagine starting your day with a fresh cup of coffee in your private, large backyard, where you can enjoy the soothing views and the calming effects of nature. Whether it's creating your own garden oasis or hosting memorable gatherings, this space is versatile and a true gem. This home proudly features a dedicated office, perfectly designed for remote work or hobbies. The space offers quiet and convenience, enhancing productivity right at home. As temperatures rise, stay perfectly comfortable with the reliable cold AC system, ensuring a cool and pleasant atmosphere year-round. While the home stands strong on its foundations, it awaits your personal touch and creative flair to restore its full glory. Yes, it needs a touch of TLC, making it a perfect opportunity to craft a living space that precisely matches your vision and style. Don't miss this rare opportunity to own a property that combines location, layout, and potential. With every amenity for serene living already in place, all that's left is your personal imprint to transform this house into your forever home. Easy I-35, loop 1604, and fine dining and entertainment or Retama Park and the Forum shopping center.
Source: SABOR #1824725
Interest rate and monthly payment estimated based on public records.
Source: SABOR #1824725
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: #1824725
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.