1180 Verna Brooks Way, Kyle, TX 78640
4 beds · 2 baths · 2,103 sqft
"Assumable interest rate of 3.25% and close in 45 days when you work with Roam or a full 1% interest rate reduction from the current interest rates offered with GoldStar Mortgage; reach out to agent for more information. Save thousands annually." Introducing this stunning 4-bedroom, 2-bathroom home located at 1180 Verna Brooks Way, Kyle, TX, boasting a spacious 2103 sqft of living space. Ideal for both comfort and convenience, this property features an attractive open floor plan that enhances the flow from room to room, complemented by luxury vinyl plank flooring throughout the main living areas. As you enter the home, you're greeted by a beautiful front porch, leading into a welcoming environment with plenty of natural light. The kitchen is a cook's dream with granite countertops, tile backsplash, and modern stainless steal appliances including a refrigerator and water softener. Ample cabinets give enough storage, making it both practical and functional. The property offers flexible living spaces, including a second area that can serve as an office or additional family room. All bedrooms are well-sized and equipped with ceiling fans, promoting airflow and comfort. The outdoor space is equally impressive, featuring a covered back porch, a large wood deck perfect for entertaining, and beautifully landscaped surroundings that invite relaxation. Complete with a 2.5 car double door garage and a serene setting, this home is not to be missed. It offers a blend of comfort, convenience, and quality in a friendly neighborhood, making it an ideal choice for anyone looking to settle in Kyle, Texas.
Source: ACTRIS #1226020
Financials
Source: ACTRIS #1226020
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.