1011 E Hutchinson St Beeville, TX 78102
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About this home
"Outstanding"! This home really sparkles and shines. AND, there is an assumable VA loan with an interest rate of 4.5% !!!!! The curb appeal of the home is absolutely makes it so inviting! The landscaping is exceptional and pretty. The living room is open to the kitchen-dining area. There is an arched-shaped window between the living room and kitchen which creates a seated bar area. The beautiful white island kitchen features: lots of cabinetry, granite counters with white subway tile backsplashes, island with granite top, range (upgrade) with microwave above, large (upgraded) 2-drawer stainless refrigerator. There is attractive vinyl plank flooring throughout the home as well as matching ceiling fans in the living room and 3 bedrooms. The vinyl style updated windows are a nice upgrade and there is Hardie board siding on the exterior for easy maintenance. All the bedrooms are spacious. The blinds and curtains will convey with the sale of the home. The bathroom has a white vanity with a granite top and a nice linen closet. There is a tub/shower unit and a towel cabinet above the commode. The large backyard has a wood privacy fence. There is a one car carport and a concrete driveway. This home is a must-see, so please call for an appointment to take a tour of this very attractive home; Original MLS#: 113483; Deed Restrictions: ; Home Warranty: No; Land Dimensions: 62 x 120; Room List: Kitchen/Dining; Showing: Appointment Needed; Water District: Yes; Water Heater: Electric; Windows: Vinyl; Zoning: Residential
Source: SABOR #1902367
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.