308 Poindexter Ave Cleburne, TX 76033
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About this home
CUTE LITTLE DOLL HOUSE! Completely renovated in 2021 and additional updates in 2023. Home has show-stopping curb appeal and designer finishes inside and out. Spacious kitchen features tons of cabinets, quartz counters, ss appliances complete with brick pattern back splash. Huge fenced backyard with an approximately 30'x10' outbuilding, where seller stored stuff and has a window AC unit for the dog. Both bathrooms updated with new designer vanities and tile. New lighting and plumbing fixtures throughout. New HVAC and energy efficient windows. Updates in 2023 include all new plumbing, including the line from the road to the house, as well as a shut off valve in the primary. New subfloor throughout the house, all new flooring and they even installed a barrier between the subfloor and the flooring. To get an idea what it would look like furnished, pelase search for this address from 2021 when seller bought it. MLS 14603278. Not many homes on the market at this price...at least in this kind of pristine condition! Hurry on this one!
Source: NTREIS #21074702
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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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