1398 County Road 3152 Kempner, TX 76539
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About this home
NOW OFFERING $10,000 IN FLEX CASH! Use it toward a price reduction, closing costs, or a rate buy down with an acceptable offer. Located outside city limits with no HOA and minimal deed restrictions, this property also features a VA assumable loan with an incredible 2.625% interest rate. Experience country living at its finest at 1398 County Road 3152 in Kempner. This charming 4-bedroom, 2-bath home offers 1,926 sq. ft. of comfortable living space on just under an acre, perfectly blending peaceful surroundings with practical features. The Lennox AC system, less than 2 years old, provides modern comfort and energy efficiency. Inside, you’ll find spacious bedrooms with large closets, multiple linen closets, and abundant storage throughout. The floor-to-ceiling wood-burning fireplace creates a warm focal point in the living room, while the formal dining room and bright breakfast area with a breakfast bar and custom solid wood cabinetry make it ideal for both everyday living and entertaining. Outdoors, enjoy mature landscaping, open views, and true country serenity. The side-entry garage and double-gate access provide ample space for trailers, RVs, or extra vehicles. The septic system has been recently maintained and pumped within the past year, with an active service contract and quarterly inspections, the most recent completed in October. This property offers the freedom to add a workshop, pool, or even a second home. 1398 County Road 3152 is more than just a house, it’s a place to create lasting memories and experience the best of quiet country living in Lampasas County. Schedule your showing today and see all the possibilities this home has to offer.
Source: ACTRIS #7068022
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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.