202 Quail Run Brownwood, TX 76801
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About this home
Welcome to your private retreat in one of Brownwood’s most sought-after neighborhoods — where peaceful country living meets the convenience of town. This spacious 4-bedroom, 3-bath home offers the perfect blend of comfort, character, and outdoor enjoyment. Step outside and discover your own backyard oasis! The property backs up to a serene creek, framed by a wrought iron fence that provides beautiful views while keeping an open, airy feel. A sparkling 19’x30’ pool invites you to relax and unwind — with a new pump motor (less than one year old) and all pool equipment included The outdoor living spaces are ideal for entertaining or quiet evenings. Enjoy a lighted gazebo wired with electrical outlets, a stone fireplace with chimney, and a lush grape arbor with mature vines. A fully equipped greenhouse features three ventilation windows and a deep sink with running water, perfect for gardening enthusiasts. Animal lovers will appreciate the well-designed chicken coop with nesting boxes and enclosed run, along with four custom-built dog kennels complete with water misters and heat lamps. The fenced yard offers privacy on the sides and front with wood fencing, while the wrought iron fence along the back keeps your view of the creek unobstructed. For hobbies, storage, or projects, the 24x24 shop (570 sq ft) is fully outfitted with built-in benches and roll-up doors on both the front and back for easy access. A double car garage with an additional double carport provides plenty of covered parking. Mature trees shade the property, adding to its charm and tranquility.
Source: NTREIS #21112414
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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.