1597 County Road 176 Gatesville, TX 76528
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About this home
Lose yourself in the wide open doors of this remarkable country property, where peaceful living meets endless possibilities. Nestled on almost 26 acres, this serene estate offers room to roam, relax, and create the lifestyle you’ve been dreaming of. The main residence features four spacious bedrooms and two and a half bathrooms, thoughtfully designed for both comfort and function. The unique hall bathroom offers a separate tub and shower—an uncommon feature typically found only in an owner’s suite. The primary suite provides a private retreat with a spa-like bathroom, while a hidden room concealed behind bookcases adds charm and intrigue to the home’s layout. Enjoy year-round comfort in the large enclosed sunroom, ideal for morning coffee, entertaining guests, or simply taking in the peaceful views of the surrounding landscape. The separate guest house includes an additional 625 sq.ft. with a full kitchen, bathroom, and open living/sleeping area—perfect for multi-generational living, guests, or rental potential. Outdoor features include five rainwater catchment systems, an RV hook-up, a chicken coop, and a seasonal creek that flows through the back of the property after rainfall. The land currently carries an agricultural exemption and provides plenty of space for animals, equipment, or future projects. Now offering $20,000 in Flex Cash! Use it your way—toward closing costs, a rate buy-down, or your personal upgrades and improvements. Opportunities like this are rare—acreage, versatility, and tranquility all in one exceptional Central Texas property.
Source: CENTRALTEXAS #595640
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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.