8806 El Rey Blvd Austin, TX 78737
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About this home
Welcome to 8806 El Rey, a rare gem tucked into the heart of Southwest Austin’s beloved Granada Hills. Set on a sprawling 0.79-acre lot beneath a canopy of majestic oaks, this beautifully refreshed 4-bedroom, 2-bathroom home provides space, privacy, and the welcoming neighborhood vibe newer communities simply can’t replicate. Granada Hills is a timeless Texas treasure with wide lots, mature trees, strong sense of community, and peaceful lifestyle just minutes from the city’s best amenities. With easy access to major highways, residents enjoy a quick trip downtown or across town while still savoring the quiet, laid-back Hill Country lifestyle. Inside, the home welcomes you with an open floor plan, warm wood floors, fresh paint, new siding, and updated kitchen and bathrooms. The upstairs primary suite is a serene retreat with three additional bedrooms downstairs offering flexibility for guests, family, or a home office. Step onto the covered back porch and feel the stress melt away while overlooking your park-like backyard. The generous outdoor space is perfect for entertaining, playing, or unwinding in the shade. Granada Hills is one of Southwest Austin’s most sought-after neighborhoods for its wide lots, mature trees, easy neighborhood vibe, and timeless Hill Country charm. Downtown Austin, Dripping Springs, and Lake Travis all reachable in under 20 minutes yet surrounding homesites offer rare levels of privacy, you’ll feel worlds away from the hustle. Residents enjoy the flexibility of a voluntary HOA, access to a pool, park, tennis courts, and shaded playground only 4-houses from 8806 El Rey. Nearby conveniences include H-E-B, Seton Southwest Hospital, Circle C Park, along with miles of scenic trails and outdoor escapes. Top-rated schools, low taxes, voluntary HOA, and unmatched privacy, 8806 El Rey blends city convenience and country charm to perfection. This isn’t just a home. It’s a chosen lifestyle in one of Austin’s most cherished neighborhoods.
Source: ACTRIS #4604122
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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.