845 Caldwell St Lexington, TX 78947
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About this home
PRICE REDUCED!! Nice 4/2 Double Wide including an office area on two large city lots w/ detached garage/workshop and storage shed. As you enter, you’ll be greeted by an inviting open floor plan that seamlessly connects the living and dining areas, creating a warm and welcoming atmosphere. The living room is enhanced by a cozy fireplace, perfect for those chilly evenings, while the kitchen is a chef’s delight. It features a center island that provides ample workspace and serves as a gathering spot for casual meals or entertaining guests. The primary suite is a true retreat, offering generous dimensions and a luxurious primary bathroom. Indulge in relaxation with a soaking tub, a walk-in shower, and a double vanity, all complemented by a huge walk-in closet that provides plentiful storage. The guest bedrooms are equally spacious, and include a designated office area, making it easy to work from home or study in peace. Convenience is further enhanced by a large laundry room that streamlines daily chores. Step outside to the expansive back patio deck, an ideal setting for unwinding and enjoying breathtaking sunsets. This outdoor space is perfect for hosting gatherings or simply enjoying quiet evenings under the stars. Additionally, the property features a two-car garage with a workshop on a solid slab, providing ample space for vehicles and hobbies alike. With its great location, this home offers easy access to local amenities while providing a peaceful retreat from the hustle and bustle of city life. Don’t miss this incredible opportunity to own a piece of paradise!
Source: ACTRIS #4854245
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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.