110 W Lampasas St Ennis, TX 75119
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About this home
Nestled in the heart of Ennis, Texas, this historical charmer built in 1924, sits gracefully on a coveted corner lot. A testament to architectural diversity with classic white clapboard siding exterior, the home exudes timeless curb appeal from the expansive backyard shade trees, to the delightful wrap-around porch that invites leisurely afternoons and warm gatherings. Step back in style with a flexible and efficient layout including an iconic kitchen like Lucy and Ethel cooked in! The functional kitchen flows seamlessly into the expansive pass through dining room and living room. Both rooms have an open feel to them serving as a perfect space for family meals and entertaining friends. In addition this lovely home provides two inviting bedrooms and a updated bath with a walk in shower and classic enamel sink, offering cozy retreats for relaxation. Functional and delightful with cozy details and standout designs that feel both practical while also holding precious memories of yesterday worth preserving. Though the property requires a touch of care, its inherent charm and character shine through, presenting a wonderful opportunity to infuse your personal style into this historic gem. Roof replaced in 2024! Memories are just waiting to be made in the vibrant community of Ennis!
Source: NTREIS #21029475
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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.