160 Private Road 8210 Woodville, TX 75979
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About this home
This attractive and comfortable brick two bedroom, two bath home with two-car attached carport and additional living space is located on a quiet private dead-end lane just outside the city of Woodville. Built in 1992 the 1,144 square foot home features a contemporary open style design, with large open family room including galley styled kitchen with bar and attached dining area. Home boasts tile flooring throughout, rear concrete patio, covered front sitting porch, an isolated master bedroom with larger attached full bathroom. The open living room boasts a standalone wood burning stove on brick hearth surround. Guest bedroom has closets and ceiling fans and the full guest bathroom features tub/shower and vanity. Home also has an in-house utility room with washer & dryer hookups. A detached 288 square foot additional living space is used currently as a third bedroom. The backyard is partly fenced and offers storage shed, fenced off area for a garden or pets, and above ground pool area.
Source: HAR #61063728
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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.
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