308 S Reagan St West, TX 76691
Your savings
About this home
Right in the heart of West sits a property that offers not just one, but two separate homes filled with warmth, charm, & character. Whether you’re looking for space to host guests, need a separate retreat for family, or just love the idea of extra flexibility, this setup is hard to find. The main cottage-style home welcomes you with original wood floors, built-ins, & those small touches that make a house feel like home. The kitchen features a gas range & flows easily into the dining & living spaces. A separate utility room adds even more function to the layout. There are 2 bedrooms in the main house, along with 2 additional flex rooms that can be used as an office, playroom, guest space, or hobby area. The screened-in porch out back gives you the perfect place to relax & enjoy the quiet. Step outside & you’ll find an outdoor space that feels like a private retreat. The in-ground pool is the centerpiece, complete with a waterfall & surrounded by mature trees & natural privacy. There’s a wood deck for lounging & a fenced yard with so much potential. And just when you think it couldn’t get better, there’s a second home on the property. This separate guest house includes 1 bedroom, 1 bathroom, & its very own fireplace. It’s perfect for extended family, visiting friends, or even a rental opportunity. The attached front-entry carport adds easy parking for the main home. Altogether, this property includes 3 fireplaces, 2 distinct living spaces, & an outdoor setup made for entertaining or simply enjoying a peaceful moment in the shade. Located on a quiet street just blocks from schools, shops, & restaurants, & with quick access to I-35, it offers the charm of small-town living with the convenience of being close to Waco. If you’ve been dreaming of a home with soul, space, & something a little different, this one might be exactly what you’ve been waiting for.
Source: CENTRALTEXAS #589070
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.