202 Banana St Buda, TX 78610
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About this home
**Curtis Mueller w/Fairway Mortgage is willing to contribute up to $4,350 (1% of sales price) towards buyer's closing costs if he is used for financing!** **SOLAR PANELS! (Will be Fully Paid Off by Sellers) - Give yourself the gift of low or no electric bills!** Stunning property with 4 beds, 4 *full* baths with beautiful finishes, and an extra flex/bonus room upstairs in addition to the four bedrooms with a full bath attached. It is a great opportunity for multi-generational living as well, with multiple full bed and full bath combos on the first floor. Your visitors will enjoy having their own space in the bonus room upstairs as well! As you walk through the home, you can't help but notice the many eye catching architectural details and soaring high ceilings that allow natural light to flow through the home. The spacious kitchen is certainly fit for a chef, with ample counter and cabinet space, a gas stove, and a large single basin sink. The dining room, kitchen, and living room are open to one which lends the perfect space for entertaining. There's also a back covered porch where you can have BBQs and gather with your loved ones. This property is located 15 minutes from Downtown Austin, 20 minutes from ABIA, and 30 minutes from the new Tesla Gigafactory! This rare opportunity is in a community with a dog park, hike and bike trails, a lap pool, 2 splash pads, and 2 community lazy rivers where you can float or BBQ with friends. It also has fun playgrounds for you and your loved ones to enjoy. Close and Easy access to I-35, minutes away from Downtown Buda Historical District, local shops, HEB, Cabela’s, restaurants, and attractions! Fantastic Location and Community! Truly a Must See!
Source: ACTRIS #6427602
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Close stress-free in 45 days, handled start to finish by Roam.
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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.