208 Eleanor St Victoria, TX 77904
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About this home
If you’re looking for a home that honestly has it all, you need to check this one out in Cedar Ridge. It’s a three-bedroom, two-bath home on a half-acre, just outside city limits, so you save money on taxes, which is a huge plus. The whole place has been updated, starting with super durable flooring and fresh paint throughout. It feels modern, bright, and actually welcoming when you walk inside. The kitchen’s one of the best features: new cabinets, butcher block countertops, deep sink, and a huge window over the sink. There’s a bar counter perfect for friends or quick meals, plus stainless appliances and pendant lights that make it look like something out of a design magazine. All the bedrooms have new blinds, trim, and baseboards, so they don’t feel outdated. Both bathrooms are fully renovated with modern fixtures and tile, really clean and comfortable. There’s even a spacious utility room so laundry isn’t squeezed into a closet. Outside, everything’s been improved with new paint, a custom gutter system, French drains, and front and back lights. The yard’s big with fresh landscaping, carpet grass, and granite rock flower beds, along with a 6’ privacy fence. But for anyone who values space or projects, the shop out back is on another level. It’s 30x40 feet, with three 10x10 bay doors and full electricity. You could easily park multiple vehicles, work on hobbies, start a workshop, or even use the space for parties. It’s one of those rare features that gives you real options. There is a covered porch and a large wooden deck, perfect for grilling or relaxing with friends. The driveway and culvert are brand new concrete, and important things like the water heater, AC system, and roof have all been taken care of. It’s move-in ready with no HOA drama. If you want a home that’s both practical and stylish, come tour this place and see for yourself.
Source: CENTRALTEXAS #593186
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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.