The Crystal Falls community in Leander has it all…good schools, wonderful topography, beautiful views, a picturesque golf course, and multiple pools, parks and opportunities to enjoy outdoor life. This home is located on a large lot in the gated portion of Cap Rock in the Fairways at Crystal Falls, offering you the privacy you desire in a well-located suburb. This home offers gorgeous curb appeal and a dramatic entrance that open up to a floorplan that flows from the private office off the grand foyer through the open concept formal dining room, gourmet kitchen and living room with fireplace. Graceful archways complement the high ceilings in this area that is filled with natural light. Both the rock-walled courtyard and covered back porch with outdoor kitchen open up off this living space. This MIL plan has the spacious primary bedroom with ensuite and walk in closet on one end and two bedrooms joined by a full bath between on the other end. The flex area off the kitchen can be used for informal dining and family room or whatever else you envision. As you walk down the hallway from the kitchen, you’ll see the laundry room with landing area, then the 1/2 bath. Anchoring the home is the oversized 3 car garage with ample parking both covered and “un” in the driveway. Leander is home to great retail, restaurants, Austin Community College and a Capital Metro Light Rail location. Grocery shop at multiple HEB’s or Whole Foods. Commute to Austin, Georgetown or neighboring Cedar Park with ease, or just stay home and enjoy all the amenities this beautiful abode has to offer.
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.
