VA loan
1 of 24
VA loan
$459,900

11006 Blossom Bell Dr, Austin, TX 78758

3 beds · 2 baths · 1,594 sqft sqft

Nestled in a tranquil oasis, this enchanting home beckons w/ its irresistible charm. As you approach, an oversized front porch greets you, inviting lazy afternoons of sweet tea & gentle breezes. Step inside to discover a haven of warmth centered around a cozy fireplace, perfect for gathering loved ones on chilly evenings. The heart of this home beats in its gourmet kitchen, where gleaming stainless steel appliances await the culinary enthusiast. Prepare sumptuous meals while enjoying views of your private Eden through expansive windows. Indulge in the luxurious master bath, where a spa-like experience awaits. The crowning jewel is a stunning walk-in shower, adorned w/ custom tile that extends gracefully to the ceiling. Venture outside to explore the oversized backyard, a verdant canvas limited only by your imagination. W/ no back neighbors to disturb your serenity, this secluded retreat offers the ultimate in privacy as you tend to your thriving garden. When the day winds down, retire to the covered patio, an outdoor sanctuary perfect for al fresco dining or stargazing. Location is everything, & this home delivers in spades. Hop on your bicycle & pedal your way to the vibrant Domain, where a world of culinary delights & shopping adventures awaits. For soccer enthusiasts, the electrifying atmosphere of Q2 Stadium is just a short ride away – cheer on Austin FC w/o the hassle of parking or traffic. This exquisite property marries the comforts of modern living w/ the timeless appeal of nature, creating a harmonious space you'll be proud to call home. From the elegant master bath to the expansive outdoor living areas, every detail has been thoughtfully curated for your comfort & delight. W/ the added bonus of easy access to Austin's premier entertainment destinations, this home offers the perfect blend of serenity & urban convenience. Don't miss this opportunity to write the next chapter of your life in this idyllic setting.

Interest rate 3
2.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,422
With Roam
$2,123
Reduce your monthly payments by $700 when you assume this mortgage.
You also save $224,144 in total interest paid.

$137,520
Edit

You may be able to put down less than the total down payment amount of $137,520 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
1,594 sqft
Lot size
0.2729 acres
Year built
1978
Type
Single Family Residence

Source: ACTRIS #2204955

Loan
Remaining term
26 years, 8 months
Rate
2.75%
Monthly P&I
$1,422
Remaining loan balance
$322,379

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 17, 2024 10:21 am
Listing agent: Lauren Gerds (210) 240-5587
Listing provided courtesy of: Levi Rodgers Real Estate Group (210) 331-7000
Details provided by ACTRIS and may not match the public record.
MLS ID: #2204955
Based on information submitted to the MLS GRID as of Oct 18 2024 - 08:48. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,422/mo
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