138 Tranquility Mtn Buda, TX 78610
Your savings
About this home
*Roof to be replaced prior to closing!* This spacious 1-story floorplan is over 2000 sf with 3 bedrooms and 2 full baths as well as an office/flex space. The walk up features a beautiful limestone elevation with arched entry and front porch.The interior boasts elevated architectural touches such as archways, high ceilings, cool neutral tones throughout, and gorgeous hardwood floors in the living area. The large kitchen is an inviting space with an island, ample cabinetry, granite countertops, gas range with hood, and stacked oven and microwave. The attached dining area is light and bright with lots of windows.The living room is a great place to unwind and can easily capacitate almost any furniture combination with its sprawling layout. The primary suite is at the back of the house and separate from the secondary rooms at the front. This sizeable retreat has a door to the back porch and an ensuite bathroom with double vanity and separate tub and shower. The secondary rooms are large with roomy closets and have a nearby bathroom featuring a tub/shower combo. The backyard has a generous back porch with a deep yard, lovely trees, and quaintly fenced garden space. The Meadows at Buda is conveniently located less than 10 min from all major retail, restaurants and entertainment. Schedule a showing today to see this beautiful and well-maintained home!
Source: ACTRIS #7417134
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.