ASSUMABLE 3.375% FHA THROUGH PENNYMAC. Buyer P&I lands near $1,350 vs roughly $1,767 financing conventional at today's rates. That is about $400/mo and six figures over the life of the note. Balance approx $275,000, so the equity gap at list is under $15,000. Your buyer gets a sub-$1,400 payment for roughly what 5% down costs on a $265,000 conventional purchase. The package is already built. TXR 1919 and TXR 1920 are drafted and seller-signed, ready to send the day we go under contract. PennyMac assumption dept 888-381-2918. Assumption fee $1,800. Buyer needs 620+ FICO and DTI generally under 40%. Release of liability confirmed available. Plan on roughly 60 days from consent submission, so build your closing date accordingly.
Listing courtesy of Compass RE Texas, LLC. Contact: 512-772-5797
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