342 Cr-368 Mico, TX 78056
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About this home
**2.875 Assumable mortgage available**Escape to your private 27-acre Texas paradise, where vast skies, serene luxury, and breathtaking views create an unrivaled sanctuary. Nestled on a scenic ridge, this custom-built 2021 home blends elegance, comfort, and seclusion, all just minutes from town.Step onto the expansive covered porch wrapping around the back, perfect for savoring morning coffee, vibrant sunsets, or the tranquil Hill Country landscape. Inside, the heart of the home is a warm, spacious Great Room with surround sound and a cozy wood/gas fireplace, ideal for gatherings or quiet evenings. The Great Room features oversized sliding glass doors that seamlessly connect indoor and outdoor living. The gourmet kitchen showcases custom cabinetry with hidden spice racks, stainless steel appliances, a gas stove, a coffee bar with filtered water, and a walk-in pantry with a deep freezer recess for effortless functionality.The private primary bedroom offers a peaceful retreat with direct porch access and a spa-inspired bathroom featuring a double vanity, garden tub, bidet, and dedicated water heater for ultimate comfort. Two additional bedrooms, located on the opposite side of the home, share a Jack-and-Jill bathroom and each open to the porch via elegant French doors, ensuring privacy and abundant natural light. A convenient powder room downstairs adds to the home's thoughtful design, totaling 3 bedrooms and 2.5 bathrooms on the main level. Upstairs, a spacious flex room with a full bath serves as a versatile space for entertainment, hobbies, or guest accommodations.The mudroom, off the three-car garage, provides a practical drop zone for coats, boots, and gear. Outside, enjoy a fully equipped outdoor kitchen with sink, grill, and fridge; irrigated garden beds; fruit trees (apple, pear, peach, plum); and ample space to explore. Chickens, wild turkeys, deer, and white-tailed hawks add to the daily charm of this idyllic retreat.Modern upgrades enhance the lifestyle: 2 RV hookups (30-amp), deep water well, aerobic septic system with quarterly maintenance, 2 tankless water heaters, spray foam insulation, whole-house water softener and filtration, south Texas Internet with Wi-Fi extender, cell phone booster, Dish Network, two storage sheds (12x16 with guest house potential, 8x8), deer blinds (convey), and 10-foot interior doors for an open, airy feel.More than a home, this is a lifestyle crafted with heart and intention. Experience the peaceful rhythm of the Hill Country living in your own slice of paradise.
Source: SABOR #1893430
Neighborhood
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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.