Nestled in one of Cedar Park's most beloved neighborhoods, this stately brick home offers the perfect blend of comfort, space, and community. Mature oak trees frame a manicured front yard, w/charming brick-paved sitting area. Cross the threshold and you'll find rich flooring, cool designer paint and open sightlines stretching all the way to the beautifully updated kitchen. With over 2,400 square feet, there's room for everyone to live, grow, and gather. The showstopper kitchen features crisp gray shaker cabinets, quartz countertops, subway tile backsplash, stainless steel appliances, a gas range with a dramatic hood, and large island with multiple seating. The adjacent den anchors around a classic brick fireplace and flows seamlessly through new sliding glass doors to the backyard. The primary suite is a true retreat with spa-inspired ensuite has been completely renovated with stunning tile, frameless glass walk-in shower, soaking tub, and double quartz vanity - adjacent to a large custom walk-in closet with built-in shelving/drawers. Each bedroom is oversized with abundant natural light. But wait until you see the backyard - your own private Texas oasis: a spacious deck under a sleek pergola, a gorgeous flagstone patio with a built-in stone fire pit and seating area, and lawn with shaded by mature live oaks plus a large storage shed, all fully fenced for privacy. The patio is also ready for a full outdoor kitchen, with gas line, electrical outlets, and plumbing for a sink already in place. The garage is a bonus unto itself - insulated, mini-split climate-controlled, with a utility sink and a barn door entry to a dedicated network system closet. Use it as a workshop, a gym, a studio, or whatever your heart desires. Located in top rated Leander ISD, minutes from schools, parks, shopping, dining, and easy access to Austin - this home truly has it all with nearly $200K in improvements and updates. See the list of Improvements and Updates. Come see it before it's gone!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
