40001 Fm 2481 Hico, TX 76457
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About this home
2.5 Acres of Opportunity — Horse-Ready, Sandy Loam Soil, No HOA, and Just Minutes from Hico & Stephenville. Welcome to 40001 FM 2481 in Hico, Texas — the acreage size buyers are always searching for. This 4-bedroom, 3-bath, 2,112 sq. ft. home sits on 2.5 acres and is ready for you to make it your own. Whether you’re moving out of town, bringing animals home, or starting a small homestead, this property offers the space and flexibility to create the lifestyle you’ve been dreaming of. The land is where the opportunity truly begins. It’s not overly manicured — and that’s the appeal. With sandy loam soil ideal for horses, livestock, gardening, or small-scale agriculture, this property is a blank canvas waiting for someone with vision to make it shine. Horse enthusiasts and hobby ranchers will appreciate the three stalls with runs, framework started for a tack-feed room, and a partially completed arena with partial pipe and a return alley already in place — a strong head start on the setup you want. With no HOA, you have the freedom to use the land however you choose, from livestock and gardens to workshops, barns, or expanded outdoor living spaces. Located just minutes from Hico’s historic downtown and a short drive to Stephenville’s dining, shopping, and Tarleton State University, this property offers the best of both worlds — peaceful country living with nearby conveniences. Manageable acreage, sandy loam soil, and room to add your personal touch — this is the one you’ve been waiting for.
Source: NTREIS #21085011
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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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