1 of 25
$345,000

11412 Ashbrook Dr, Manchaca, TX 78652

3 beds · 2 baths · 1,341 sqft sqft

Experience privacy and tranquility in this charming and meticulously maintained home, perfectly situated in the highly desirable south Austin/Manchaca area, just off FM 1626. Boasting three bedrooms and two full baths, this residence offers a comfortable layout with the master bedroom thoughtfully separated from the guest bedrooms. Inside, the kitchen serves as the heart of the home, featuring an island and a convenient walk-in pantry. Flowing effortlessly into the second living room, this space is perfect for both everyday living and entertaining. The addition of solar panels by the seller not only enhances sustainability but also helps offset energy costs, particularly during the summer months. Step outside to enjoy the covered back patio, ideal for relaxing or hosting gatherings in the privacy of your own backyard, which is further enhanced by a recently installed privacy fence. The land behind the house is zoned Agricultural, ensuring that no buildings will be constructed behind the property, preserving the privacy and tranquility from the back porch and windows. Conveniently located near amenities and with easy access to shopping and stores, this home offers a cozy retreat in a bustling community. Priced well below market value for a quick sale, don't miss out on the opportunity to make it yours—schedule a showing today!

Interest rate 3
3.5%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$936
With Roam
$1,240
Reduce your monthly payments by $303 when you assume this mortgage.
You also save $83,752 in total interest paid.
$167,607
Edit

You may be able to put down less than the total down payment amount of $167,607 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.
Location
Details
Home
Size
1,341 sqft
Lot size
0.101 acres
Year built
2009
Type
Single Family Residence

Source: ACTRIS #1968609

Loan
Remaining term
23 years
Rate
3.5%
Monthly P&I
$936
Remaining loan balance
$177,392

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Resources
Last updated: Oct 22, 2024 09:14 am
Listing agent: Shane Scheffler (512) 399-2613
Listing provided courtesy of: eXp Realty LLC (888) 519-7431
Details provided by ACTRIS and may not match the public record.
MLS ID: #1968609
Based on information submitted to the MLS GRID as of Oct 23 2024 - 02:20. 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.
Interest rate 3
3.5%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$936
With Roam
$1,240
Reduce your monthly payments by $303 when you assume this mortgage.
You also save $83,752 in total interest paid.
$167,607
Edit

You may be able to put down less than the total down payment amount of $167,607 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.

$936/mo
View details