604 Academy Oaks Dr San Marcos, TX 78666
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About this home
Hill Country living at its finest! Welcome to 604 Academy Oaks, where style meets comfort in this stunning Sweetwater plan by Scott Felder Homes. Spanning 2,992 sq. ft., this 4-bedroom, 3.5-bath home is thoughtfully designed for both everyday living and effortless entertaining. An assumable 3.25% VA loan adds even more value and opportunity for qualified buyers. The foyer greets you with a striking rotunda ceiling, while the front two bedrooms share a Jack & Jill bath and a third bedroom features its own private en-suite with walk-in closet. The open kitchen with a spacious island flows into the family room, highlighted by a custom media wall — perfect for gatherings or cozy nights in. The primary suite is a true retreat with raised ceilings and a fashionista-worthy walk-in closet featuring extensive shelving and storage. Additional features include 8-foot interior doors, ceramic wood-look tile in the main living areas, and a covered back patio. With no neighbors behind or to the right, you’ll enjoy both privacy and serenity, while the playground across the street provides everyday convenience for families. Preferred lender is also offering 1% Lender Credit. Don’t miss your chance to call this home yours — schedule your showing today and experience all that 604 Academy Oaks has to offer!
Source: CENTRALTEXAS #593860
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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.