310 S Storts St Poth, TX 78147
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About this home
REDUCTION!! VA ASSUMABLE loan for military and NON-military! VA Assumable loans offer many benefits including lower interest rates, lower closing costs and it's a much faster process to close! Own a piece of Poth history! This historic 1935 home, once belonging to one of the original founding families of the town, is full of timeless charm and character. The inviting country bungalow features 3 bedrooms, 3 full baths, an open-concept kitchen and family room with a cozy fireplace, and a great room bathed in natural light. A true time capsule, the home retains much of its original character-from the mid-century oven (still baking like a dream) and natural woodwork to the original cabinetry, cedar-lined linen closet, interior wood shutters, and even a rare basement! More recent touches add fun and functionality, including a custom (and removable) cat window door, whimsical cottage-style landscaping with an antique iron bathtub planter, and a large custom chicken coop-all of which convey with the property. The retro blue refrigerator is always a conversation starter in the bright, cheerful, original yellow-tiled kitchen. Out back, a large oak tree provides ample shade for relaxing evenings, while a spacious cement slab offers room for gardening or future possibilities. Both the front and back porches still feature little footprints from the original owners' children, dated from the 1940s-a heartwarming tribute to the home's enduring legacy. An attached carport serves dual purposes as a covered entertaining area-perfect for grilling or unwinding in rockers while enjoying the sounds of nature. Storage is abundant, with a large trailer (used for storage) that also conveys with the property. Located just a 3-minute drive from the highly desirable Poth ISD, this home is nestled in a friendly and welcoming community. If you're tired of the same cookie-cutter listings and are searching for something truly special-full of history, charm, and a story to tell-come fall in love and make this piece of Poth history your own.
Source: SABOR #1888931
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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.