270 Fuchsia St Kyle, TX 78640
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About this home
Welcome home! Meticulously maintained, one-owner home, perched on an oversized, cul-de-sac lot which is one of the largest in the neighborhood! Inside, the home features a bright, open-concept layout filled with natural light and neutral finishes ready for anyone's decorating taste. The kitchen is the heart of the home, equipped with a large island, and ample space for both cooking and entertaining. The open flow between the kitchen, dining, and living areas makes it easy to host gatherings or simply enjoy everyday life. Bonus office space at the front of the home is versatile and can be utilized as play area, home gym, reading room, etc. Upstairs, you can enjoy another flex space ready to be second living room, home theater - the list goes on! All bedrooms conveniently situated upstairs along with laundry room. This home is equipped with a premium wiring package including: surround sound wiring, whole-home CAT6 upgrade, HDMI wiring bundle, stereo wiring on the patio and more! Great features for the tech lover, work-from-homer or gamer! Out back, enjoy a fully fenced, private yard that wraps around both sides of the home with a covered patio — perfect for relaxing mornings or weekend BBQs. The yard is fully irrigated front and back for easy maintenance. Stellar location plants you a stone's throw from IH35 access with major retail, restaurants and entertainment and the community is just half a mile from the future 450,000 sq ft “Kyle Lifestyle Retail Center” currently in development.
Source: ACTRIS #7877707
Loan details
Neighborhood
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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.