216 Capistrano Dr San Marcos, TX 78666
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About this home
Welcome to 216 Capistrano Dr, a delightful single-family residence nestled in the vibrant community of San Marcos, Texas, within Hays County. This inviting home offers a unique opportunity to experience comfortable living in an established neighborhood known for its friendly atmosphere and convenient access to local attractions. The open floor plan features an airy layout filled with natural light, perfect for both relaxation and entertaining. You'll love the spacious backyard, which is ideal for gardening enthusiasts and entertaining guests. It includes a generous patio and a back gate leading to an open space, providing an excellent canvas for outdoor activities. The upper level boasts a versatile game room/second living area, ideal for family gatherings or a cozy movie night. A spacious master suite awaits, offering endless possibilities to personalize your private oasis. Located just a short drive away, Texas State University provides cultural events, sports, and educational opportunities. Outdoor adventures at the San Marcos River, where you can enjoy tubing and fishing in the crystal-clear waters, perfect for hot Texas days. For shopping, the San Marcos Premium Outlets feature a variety of popular brands and unique finds. Explore beautiful parks such as the San Marcos Plaza Park and the nearby Spring Lake, ideal for hiking, picnicking, and enjoying nature. This home not only provides a solid foundation for creating lasting memories but also invites you to embrace a fulfilling lifestyle in a community rich with culture and recreation. Don’t miss your chance to own a piece of San Marcos where practicality meets charm!
Source: ACTRIS #3188658
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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.