1228 Brenham Ln Leander, TX 78641
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About this home
SAVE MONEY by qualifying to assume this 2.875% loan for less than the downpayment for a new loan, the gap btwn loan bal & list price is less than $10,000!. Seller is open to Vet & non-Vet Buyers assuming their loan. A VA Buyer (preferred) would use their own VA entitlement through a Substitution of Entitlement & a Rls of Liability. Move-in-ready 1-story home nestled at the end of a quiet cul-de-sac with 2 huge side yards in Leander's Mason Ranch community. Enjoy peaceful suburban living with top-rated Leander ISD schools, fantastic community amenities, sidewalks & easy access to shopping, dining, and entertainment. A wide driveway and 3-car garage w/carriage-style doors greet you at this beautiful home. Inside, the spacious 3,009 sq ft layout includes 3 bedrms plus an Office/Bedrm, game room & formal dining room. The main living area is perfect for entertaining, w/the kitchen opening seamlessly to the breakfast & living areas. Features include tall ceilings, recessed lighting, a fireplace, & rich wood-inspired laminate floors. Large windows throughout fill the home w/natural light. The kitchen is the heart of the home with inviting wrap-around bar seating, granite countertops, stainless appliances & ample cabinetry for the home chef. Fabulous bedrm layout w/the primary suite tucked away in the back corner of the home with its own private ensuite bath & large walk-in closet. Formal dining off the entry hallway provides excellent flexibility for use of space while a bonus living area is conveniently situated in between the 2nd & 3rd bedrooms. The office/4th bedroom has it's own hallway for privacy. Enjoy outdoor living on large, covered porch, plus side yards offering plenty of room to play and grow. Just 2 blocks away, HOA amenity center features a resort-style pool, splash pad, playground, sports court, fishing pond & scenic walking trails. Convenient access to major roads. Take the 3D tour and schedule a showing today—your suburban oasis awaits! Bring offers.
Source: ACTRIS #5738964
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.