213 S Clements St Gainesville, TX 76240
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About this home
Move-in ready gem surrounded by historic homes in the heart of Gainesville! Step into timeless charm with this beautifully remodeled 4 bedroom, 2 bathroom home, located just one block south of California Street and near the beloved Lancaster Manor Bed and Breakfast. With classic American-Victorian architecture, this home welcomes guests with warmth and allure straight from Southern Living magazine! Situated on a spacious fenced corner lot, the property is shaded by towering 200+ year-old oak and pecan trees—perfect for relaxing outdoors on warm Texas days. Don’t miss the original concrete hitching post out front, a unique touch of history! The inviting covered front porch, framed by stately columns, is the ideal spot for a pair of rocking chairs and a hot cup of coffee or a glass of sweet tea. Inside, a formal foyer welcomes guests with original pine flooring, a beautifully crafted staircase, and an imported late-1800s piano. The first floor features multiple living spaces including a sunroom, formal dining and living rooms, and an updated kitchen with stainless steel appliances, granite countertops, island, and abundant cabinet and pantry space. Upstairs, the spacious primary suite includes a cozy sitting area with large windows overlooking the front yard and an original gas fireplace. Both bathrooms have been tastefully renovated to blend modern style with original historic touches. Step outside to the backyard deck and discover a generous 2-car garage with an additional half bath and upstairs finished game room—perfect for hosting family, friends, or short-term rental guests. A new roof (2022) and many functional updates make this home truly move-in ready. Whether you're seeking a personal residence filled with character or a unique investment opportunity in Gainesville’s growing tourism market, this home offers something special. Don’t miss your chance to own a piece of history—this one is a must-see in person! Buy now and start decorating for Christmas!
Source: NTREIS #21088301
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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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