8008 Verbank Villa Dr Austin, TX 78747
Your savings
About this home
Welcome to 8008 Verbank Villa Drive in the desirable South Austin area! This residence offers 5 bedrooms and 3 bathrooms within its spacious 2,975 square feet. As you step inside, you'll find a welcoming main floor featuring a formal dining or living area, ready to adapt to your lifestyle, whether you're hosting dinner parties or casual family get-togethers.This home boasts a downstairs bedroom and a fully renovated bathroom. The bathroom features a beautifully tiled walk-in glass shower. This setup is perfect for in-law living, visiting guests, or providing flexibility for a home office or study. The heart of the home is the generously sized eat-in kitchen, boasting ample cabinet space and a huge walk-in pantry with tons of shelving that conveniently doubles as the laundry room. From here, you can easily oversee the spacious main living room, which features a charming fireplace, perfect for cozy evenings. First floor also features updated wood-look style flooring throughout. Upstairs, the expansive primary suite provides a true retreat with enough space for a sitting area. The ensuite bathroom includes dual sinks, a large bathtub, and a separate walk-in shower. Another sizable bedroom on this level offers exciting possibilities – imagine it as a playroom, a movie/gaming room, or even a second living area! Two additional bedrooms and a full bathroom complete the upstairs, providing plenty of space for everyone. Outside, the backyard presents a wonderful opportunity to create your own personal oasis. Furthermore, the neighborhood boasts fantastic amenities, including picnic tables, multiple playgrounds, and a community pool, ideal for enjoying the Texas summers. The location offers excellent convenience, with easy access to downtown Austin, Austin-Bergstrom International Airport, South Park Meadows, H-E-B, and a wide variety of dining, shopping, and entertainment options.
Source: ACTRIS #1602973
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.