1402 Herder Ave Schulenburg, TX 78956
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About this home
Also, offering as a rental home for $2,050/mo. 4.625% introductory rate through our Lender for the 1st year!!! Charming 4-Bedroom, 2-Bath Backing Up to a Serene Field in an Established Neighborhood Step into this spacious single-story home featuring an open-concept design with abundant natural light throughout the living, kitchen, and dining areas. Recent updates include new flooring in the primary bedroom and front bedroom/bonus room (ideal as a game room, office, or extra bedroom), new windows, and a beautifully remodeled bathroom with a large shower. With just a few personal touches, this home offers great potential to become your forever home or a great investment opportunity. Enjoy the tranquility of the large, fenced backyard, complete with a mature shade tree and a covered patio—ideal for morning coffee or relaxing evenings. The property backs up to a serene hay field, offering peaceful country views and even sightings of nearby longhorns. Located in a great neighborhood with good schools. This home offers the perfect blend of small-town charm and everyday convenience. Annual bluebonnet blooms add to the beauty of the landscaped backyard. Outdoor lovers will enjoy the great options for walking, running, and biking. Just a short walk to Blinn College, local restaurants, gas stations, and a corner store. The town regularly hosts rodeos, festivals, and community events that bring everyone together. Bonus Features: 2-Car Garage Motivated Seller Quiet, Country Feel with City Amenities Nearby Seller unaware of restrictions. Buyer and buyers agent do due diligence on purchase of home.
Source: ACTRIS #1180405
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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.