397 County Road 316 Abilene, TX 79606
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About this home
Charming Country Retreat: Spacious Living with Great Views. Your Dream Home Awaits on 2.5 Acres! Welcome to a country escape that combines generous living spaces, stunning views, and endless possibilities—all in one extraordinary property. Nestled on a sweeping 2.5-acre lot, this home boasts over 3,000 square feet of comfort, making it an idyllic property for those yearning for a peaceful, rural lifestyle. Step inside and feel immediately at home in the sprawling layout. The left side of the home features 3 spacious bedrooms, each offering privacy, alongside 3 full bathrooms that ensure comfort and convenience for residents and guests alike. At the heart of the home, discover the enclosed sunroom—a vast secondary living area flooded with natural light. On the right side of the home, explore 3 additional rooms brimming with potential. Whether you envision extra bedrooms, a dedicated home office, a creative craft room, or a versatile flex space, these rooms adapt to your unique needs and aspirations. Beyond the walls, a world of outdoor amenities awaits. The backyard features a practical storage shed, ideal for keeping tools and equipment neatly organized. For hobbyists, craftsmen, or anyone in need of extra workspace, the shop with electricity offers the perfect setting to pursue projects or hobbies year-round. What truly sets this property apart are its views and tranquil surroundings. Gaze out over the landscape and enjoy peaceful evenings under the stars. This home is more than just a place to live—it’s a lifestyle, offering space to breathe, room to grow, and the serenity that only country living can provide. Don’t let this rare opportunity pass you by. Whether you’re seeking a family home, a country retreat, or a flexible space to suit your evolving needs, this property promises comfort, convenience, and unparalleled beauty. Make an appointment today to experience firsthand the charm and potential of this great home—your country dream is waiting to come true.
Source: NTREIS #21050025
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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.