This home is offered with limited qualifying owner financing subject to an existing mortgage using a Wrap-Around Mortgage (aka Subject to mortgage).  -Around (aka Subject to) Mortgage Terms: Down payment $28,000, 6.625% Interest rate, 5-year balloon

(PITI is 2580.51, loan amount $295,975).  A "wrap-around mortgage" involves the seller financing the sale and wrapping this around the existing mortgage. In this situation, the Buyer makes payments to the Seller, and the Seller continues paying the original mortgage. The new loan covers the existing mortgage payment. The seller's loan remains in place, but the Buyer assumes financial responsibility for the existing loan through their payments.  Upon the 5th year, the Buyer must pay off the existing debt, refinance, or sell the property. *** Well-maintained and ready for move-in, this charming 3-bedroom, 2-bathroom home offers comfort and convenience. Enter through archways leading to a formal dining area, perfect for gatherings. The kitchen, featuring granite countertops, seamlessly opens to the family room, creating a welcoming and open layout. Granite countertops continue in both bathrooms, adding a touch of luxury. Enjoy the spacious backyard, ideal for outdoor activities. Located just minutes from Elgin High School and under 10 minutes from HEB, shopping, and more, this home combines peaceful living with easy access to everything you need."Ask about our access to creative financing options and programs, including "Buy First, Sell Later". More photos available upon request.