134 Cherry Laurel Ln, Kyle, TX 78640
4 beds · 2 baths · 1,891 sqft sqft
Welcome to your dream home! This stunning 2020-built, one-story gem in the sought-after SouthGrove neighborhood is like new and meticulously maintained by its owners. With 4 bedrooms and 2 bathrooms, this home offers a perfect blend of comfort and style. As you step inside, you're greeted by a spacious open-concept living area, ideal for entertaining or relaxing with family. The modern kitchen features ample counter space, a large pantry, and an island perfect for meal prep or casual dining. Functional built-in cabinets add a touch of elegance and practicality to the living space. Additionally, the home is equipped with natural gas, providing efficient and reliable energy for cooking and heating. The primary suite is a true retreat, complete with a large walk-in closet, dual vanity, and a walk-in shower. The additional bedrooms are generously sized and offer flexibility for use as guest rooms, home offices, or hobby spaces. One of the highlights of this home is the inviting covered back patio, perfect for outdoor dining, entertaining, or simply enjoying a quiet evening. Living in SouthGrove means you'll have access to fantastic community amenities just a short walk away. Enjoy the large amenity center with a lap pool, kiddie pool, playground, gathering area, and outdoor games lawn. Plus, this neighborhood qualifies for USDA loans, offering possible 100% lending with minimal cash to close. Don't miss the opportunity to make this exceptional property your own. Schedule a private tour today and experience the charm and convenience of this beautiful home and vibrant community!
Source: ACTRIS #7692514
Source: ACTRIS #7692514
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7692514