805 E Williams St Breckenridge, TX 76424
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About this home
Two Homes, Endless Possibilities! This unique property features not one, but two homes, combining 2,482 sq ft of living space on one lot, offering versatility and opportunity for homeowners and investors alike! The main residence is a 1,496 sq ft. home with 3 bedrooms and 1 bath, recently upgraded with new flooring, windows, appliances and fresh paint! A welcoming front porch, mature shade trees, and updated exterior offer great curb appeal, while inside you'll find comfortable living spaces perfect for home-life and entertaining! Behind the main home, a separate 986 sq. ft. guest house is nearing completion-ideal for rental income, multi-generational living, a private office, or guest accommodations. With its own defined space, this second home allows privacy while still being conveniently close. Situated in a convenient neighborhood, you'll enjoy easy access to shops, dining and daily essentials. The property also offers a large yard with room to relax, garden or play. Whether you're looking to invest, create a dual living setup, or simple enjoy the benefits of extra space, this property delivers. Live in one home and rent the other, host extended family, or design your perfect work-from-home retreat-the options are endless! Do not miss a rare chance to own a property that combines modern upgrades, comfort, flexibility and income potential all in one! Call today and let's look! New class 4 composition shingle roof installed in 2024!
Source: NTREIS #21047123
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Close stress-free in 45 days, handled start to finish by Roam.
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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.