261 Westridge Dr Moody, TX 76557
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About this home
Home, land, shop, apartment, RV parking, and more! Rare find with room for everything! This 3-bedroom, 2-bath home PLUS an office sits on 4.78 acres and offers the space and flexibility to fit a wide variety of needs. Inside, you’ll love the open-concept layout, featuring a spacious kitchen with an island, bar seating, and an eat-in dining area—all open to the living room, making it perfect for everyday living or entertaining. Just off the main living area is a flex room that works well as a home office but could also serve as a second living area, playroom, homeschool room or whatever best suits your lifestyle. Several areas have been freshly painted, giving the home a clean, refreshed feel. Enjoy beautiful views from both the front and back covered porches. Out back you'll find a 30x60 metal shop with power, high ceilings, roll up doors and an apartment space—complete with a kitchen area and bathroom. Previously used as guest quarters, this space has been vacant but holds excellent potential to be brought back to life for rental income, hosting guests, or multi-generational living. The property also features working cattle pens with a squeeze chute, several pole barns throughout, and animal pens—perfect for livestock, hobby farming, or projects. You'll also love the covered RV parking with electric hook-up and the oversized 4-car covered carport for extra vehicles, trailers, or equipment. Whether you need space for work, animals, storage, or extended family, this property checks all the boxes. A true one-stop setup with room to grow—don’t miss the chance to make it your own!
Source: CENTRALTEXAS #593125
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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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