10836 AMBLEWOOD WAY, Austin, TX 78753
Current lease in place thru Oct 31, 2024. This is a stunning, big beautiful East-facing home. 3482 sq ft, 4 bd, 2.5 ba. All bedrooms upstairs! Wait until you see the amazing main bedroom and the 2 person closet. The other 3 bedrooms, a full bath and a huge 3rd living area finish out the upstairs. Tons of natural light stream in the amazing windows. There is a formal living room and dining room. Even a family room/living room/den with a wood-burning fireplace downstairs. Plenty of space for the whole family. The kitchen has an island and even a spot for a breakfast table. The pantry/laundry room will make you want to shop and fill it up. Gorgeous hand-scraped wood floors downstairs, except for the wet areas. Once you step out onto the gorgeous new deck you can see what a terrific yard looks like. Picture a colorful umbrella and a few chairs. What a great spot for a cookout or just to relax. Nice big trees, even a shed for your tools. Run the kids and dogs ragged. The home is now Alexa smart. You can control lighting and even the thermostat. Custom light fixtures throughout, house has all new hardware, faucets, and even the hinges match. This neighborhood is in a highly rated school district, close to tons of shops, restaurants and the new Dell/Samsung corridor. Only 2 blocks to the Elementary school. Easy access to DT Austin and the new Tesla facility. 10 Minutes to DT Austin and 15 minutes to the Airport. You can't beat this location! If you're looking for a big, beautiful home - take a look - this is a stunner! Great tax rate and very low HOA dues!
You may be able to put down less than the total down payment amount of $91,480 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: #8603762
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.