6701 Janes Ranch Rd Austin, TX 78744
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About this home
Welcome to this quaint 2-story home in the friendly Reserve at McKinney Falls. This spacious home features a thoughtfully designed 4-bed, 3-bath open layout and a bonus living space on the 2nd floor. Emphasizing energy efficiency, this home includes numerous cost-saving features. From upgraded insulation & ductwork to a dual-zone 16 SEER AC system for optimal climate control, and solar panels (to be paid off by the seller at closing), every detail is crafted for sustainability. The main level greets you with abundant natural light streaming through windows along the south side, illuminating a warm, neutral interior. This area seamlessly flows into a beautifully appointed island kitchen showcasing Blanco Atlantico granite counters, a chic glass tile backsplash, SS appliances, and a breakfast bar that connects to the dining and living areas. On the main level, you'll find 3 beds and 2 full baths, including the spacious primary suite. Enjoy the elegance and ease of LVP flooring throughout these bedrooms. The primary suite is enhanced by dual windows that welcome in natural light, an ensuite bath featuring a 5’ walk-in shower, and an expansive walk-in closet. The versatile 2nd level bonus room is ideal for family relaxation, game nights, or entertaining. With an addtl bedroom and full bath upstairs, this area is perfect for multi-generational living or a private retreat. Positioned at the heart of the community, you’ll be a short stroll from the coveted amenities, including a sparkling pool w/ a children's splash area, a park/playground, and an amenity center. Its prime SE Austin location backs to McKinney Falls State Park and offers convenient access to ABIA, less than a mile from Hillcrest Elementary, and near numerous South Austin hot spots. With its stunning design, functional layout, energy-saving features, and prime location, this home stands as the perfect choice for your next adventure! $1,750 in closing costs offered by preferred lender Jori Stern, Loan People
Source: ACTRIS #3319789
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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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