9006 Abby Lee Ln Salado, TX 76571
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About this home
Welcome to 9006 Abbey Lee Lane, a stunning home showcasing superior craftsmanship and thoughtful design. Located in the highly sought-after town of Salado, this property offers the perfect combination of small-town charm and modern convenience. Highlights include: Over 1 Acre lot so you can stretch your legs a little bit. A 40 x 31 shop which comes out to roughly 1,240 sq. ft. , with garage doors both on the front and back. It also is fully finished out with lights and sheetrock not to mention a wet sink and the proper amperage to support a welding rig. A covered breezeway connecting the main house to the shop roughly 393 sq. ft. great for additional parking. A stunning study with French doors with ample room for any home office or possibly a bourbon room? Solar panels Gourmet kitchen with premium cabinetry and fixtures Outdoor space ideal for entertaining and relaxation which includes a full outdoor kitchen with grill, fridge and sink. Custom built black accordion style doors that can be fully opened connecting the outside and inside of the home. Custom built black accordion style over the kitchen sink leading out to an outside bar. Great for entertaining! Schedule your showing today and see all the charm this home has to offer!
Source: ACTRIS #6998718
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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.
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