5709 Southmoor Dr Abilene, TX 79606
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About this home
Beautiful mature oak tree gives this front yard nice shade and this brick home with stone accents great curb appeal. A four bedroom home boasting a large walk in closet in the spacious fourth bedroom that could easily be used as a second living room. The master en-suite bath offers a shower and a new owner opportunity to remodel to their taste! Two additional bedrooms share a hall bath with tub and shower combination. Step down from the front entry into a sunken living with vinyl plank floors and a wood burning fireplace serving as a focal point. The dining area plus hutch are adjacent to the kitchen featuring a stainless sink below a window looking out to the back covered patio and yard. Organization is made simple with plenty of storage, including a MUD room and pantry. New roof installed in June 2025. Priced below appraisal district market value allowing new owner remodeling choices or possibly improvements like adding a carport. A recent home inspection included. No back yard neighbor! Conveniently situated near shopping, dining, and Dyess AFB, this home is ideal as a refurbish project!
Source: NTREIS #20967509
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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.