4445 W Amity Rd Salado, TX 76571
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About this home
Assumable VA Loan Available at 2.99% with $65k down! Step into your versatile dream home nestled in charming and historic Salado, TX. Privacy, extra large lot, updated, no HOA. Guest quarters with separate entrance plus a workshop and shed. Beautiful, peaceful country vibes with convenient access to shopping, dining, and a short drive to Salado High School. This remarkable property boasts 2 lots with over 1 acre of land, featuring a calming view of 58 acre agricultural fields from the oversized sitting area on the covered front porch. The single story primary home encompasses 3 bedrooms, 2.5 bathrooms, 2 spacious living areas, a dining room, a home office with tons of natural light, and a 2 car garage. Casita features its own guest quarters with a wet bar and half bath have that use a separate entrance. Plus your own workshop, constructed in 2022, offers 864 sq ft of space complete with 2 roll-up doors, an office, and half bath. Recent updates include fresh paint throughout, updated floors, modernized primary suite with his and her's closets, upgraded light fixtures and ceiling fans, upgraded dishwasher, built-in microwave, and a 2023 roof replacement with premium shingles. This property is truly a must-see, blending charm, functionality, and comfort in a picturesque setting with space for the in-laws or your own home gym. Come take a look before this one goes!
Source: ACTRIS #5537156
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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.