25046 Fm 857 Grand Saline, TX 75140
Your savings
About this home
Welcome to peaceful country living on over 16 beautiful acres in the highly sought-after Van ISD! This traditional 3-bedroom, 2.5-bath brick home offers approximately 1,900 sqft of comfortable living space with a versatile bonus room that’s perfect for a home office, workout area, or hobby space. The kitchen has been refreshed with new granite countertops and freshly painted cabinets, while the primary bath features a soaker tub and updated flooring for a relaxing retreat. The spacious living room centers around a wood-burning fireplace, and large windows provide views of the acreage beyond. Step outside to enjoy the in-ground pool, ideal for relaxing or entertaining. The bonus room leads directly to the covered back patio, creating an easy indoor-outdoor flow. A gated entrance, covered front porch, and extra parking with carport and lean-to pole barn add convenience and plenty of room to cover your farming toys. Bring your horses, cattle, or livestock; this property is already cross-fenced, has pipe fencing along FM 857 frontage, a small pond, and a three-stall horse barn with tack room. The home is on co-op water and septic, with a well for the barn. Enjoy the serenity of country life with easy access to Van, Grand Saline, and Canton; ready for your next chapter in East Texas!
Source: NTREIS #21066001
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.