1049 FELDSPAR STREAM WAY, Leander, TX 78641
Welcome home to this beautiful 4 bedroom, 2.5 bath home in the highly desired Oak Creek neighborhood. No need to wait months for new construction when this home has it all! One of the largest homes in the community. This open-concept home features beautiful design features such as a beautiful kitchen with granite counters, white cabinets and counter space, a breakfast bar, upgraded pendant lights, a walk-in pantry, and plenty of natural light. Large office with barn door. Large game room and a beautiful media room for a great family movie night. You will fall in love with the primary suite with its large walk in closet and generous bath with, dual sink vanity and big walk in shower. The second floor has 3 large bedrooms with a dual sink shared bath. This home has great curb appeal and striking brick masonry, beautiful backyard with extended patio and pergola, sprinklers and irrigation. The patio is perfect for relaxing with a cup of coffee in the morning. The yard is beautiful and packs a visual punch yet lends itself to a low-maintenance lifestyle. Located close to the resort-style community pool, playground, and covered pavilion. You will also enjoy the park and hike/bike trails. Great location close to St David's medical, HEB, North Line, ACC, and walking distance to the metro for an easy commute to downtown Austin for work or play. Don't miss the chance to make this charming home your own slice of paradise! Schedule a viewing today and envision the lifestyle awaiting you in this beautiful home.
You may be able to put down less than the total down payment amount of $317,233 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1084620
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.