2041 Waterfall Ave Leander, TX 78641
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About this home
This Impeccably maintained home features upgrades not found in spec homes or resale homes. The primary bedroom was extended by 3 feet more than the typical Tulane plan, and also built with a 3-foot extension to the garage, which easily accommodates the owner's Toyota Tundra. There are laminated vinyl wood-style plank floors in a soft neutral palette throughout, except in the bedrooms. This is truly a mother-in-law plan with the secondary bedrooms located diagonally on the opposite side of the home. The primary suite features his & hers vanities, soaking tub, separate shower, and access to a generously sized closet. The kitchen with its huge granite preparation island, where a chef & sous chef can work without having to share the space. The kitchen has a 5-burner gas range and stainless steel appliances. On the return wall of the kitchen are more cabinets with granite counters, and nearby is a walk-in pantry. The bonus or office room's window has a view of the front of the home. The main living, dining, and kitchen areas flow easily, functioning well for parties of any size. There is a nice-sized mud room at the entrance from the garage, complete with backpack hangers & storage shelves, and a cleaning closet for vacuum cleaners etc. Enjoy a quiet evening on the screened patio, which has a gas connection for a BBQ cooker of your choice. The backyard wrought iron fence shows the green space separation between you and your back neighbors, so no shared fencing. So "skip the line with no build time"!
Source: ACTRIS #7932425
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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.
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