12021 Timber Wolf Trl, Austin, TX 78727
4 beds · 2 baths · 1,603 sqft
*Open House Sunday April 5th 1-3pm* Welcome to 12021 Timber Wolf Trail, a beautiful 4-bedroom, 2-bathroom home nestled in a great North Austin location. This thoughtfully updated residence features high-end finishes, a spacious layout, sits on 0.27 acres with a large backyard complete with an oversized patio and 10’ x 20’ pergola ready for entertaining. Step inside to discover an open-concept living area with vaulted ceilings and abundant natural light streaming through picture windows. The elegant tiled fireplace serves as a stylish focal point, perfect for gatherings with family and friends while enjoying serene views of the backyard. The gourmet kitchen anchors the living space with modern tile backsplash, designer trim and finishes, and upgraded appliances. A custom-crafted vent hood, chic lighting, and island with quartz countertops create a sophisticated, yet functional, space that any entertainer will appreciate. Retreat to the spacious primary suite, where natural light fills the room, creating a peaceful sanctuary. The ensuite bathroom with floor to ceiling tile evokes a spa like experience with a walk-in shower, floating double vanity, and a roomy walk-in closet for ultimate convenience and privacy. Three additional bedrooms offer flexibility to accommodate family, guests, or a home office. The secondary bathroom boasts charming wallpaper, a relaxing bathtub, and stylish tile and hardware selections. Step outside to a large backyard and enjoy the patio and pergola ready for outdoor fun. Conveniently located just 9 minutes from The Domain, 20 minutes from downtown Austin, and 22 minutes to the airport, this property offers elegance, functionality, and accessibility. With a low tax rate and significant updates, don't miss the chance to make this North Austin gem yours, come see 12021 Timber Wolf Trail today!
Source: ACTRIS #2500684
Financials
Source: Public records
Source: ACTRIS #2500684
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.