529 Gray Hawk Rdg Leander, TX 78641
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About this home
Assumable rate of 2.375%. Welcome to this stunning 5-bedroom, 3-bathroom home in the highly sought-after Summerlyn community of Leander, TX. Offering 2,733 square feet of thoughtfully designed living space, this home provides the ideal layout for both everyday living and entertaining. The open-concept floor plan is filled with natural light and features a spacious living area that seamlessly flows into the kitchen and dining spaces. The kitchen includes ample counter space, a center island, and a walk-in pantry—perfect for the home chef. Enjoy the flexibility of 2 bedrooms on the main floor, including a full bath and a dedicated home office. Upstairs, you’ll find a generous loft area and 3 additional bedrooms, all with walk-in closets, offering privacy and comfort for the entire family. One of the standout features of this home is the premium whole-house water filtration system (valued at $9,000)—providing clean, filtered water to every tap and appliance throughout the home. Step outside to a large patio and expansive backyard—ideal for entertaining, gardening, or simply relaxing in your own outdoor retreat. Residents of Summerlyn enjoy access to two separate amenity centers, featuring pools, parks, playgrounds, trails, and sports courts—all within walking distance. ?? Prime location with quick access to Hwy 183 Toll and just minutes from shopping centers, restaurants, and the new Costco coming soon, all within a 5-minute drive. Don’t miss this incredible opportunity to own a spacious, well-maintained home with upgraded features in one of Leander’s most convenient and desirable neighborhoods.
Source: ACTRIS #2154683
Loan details
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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.