12209 COYOTE CALL WAY, Austin, TX 78725
Welcome to 12209 Coyote Call Way, where modern splendor meets pure excitement! Built in 2019, this magnificent property is a showcase of luxury and style, boasting five bedrooms and three full baths. Step inside to experience a layout designed to captivate and inspire. The ground floor offers the primary bedroom and a guest bedroom strategically positioned for ultimate convenience and privacy. Prepare to be wowed by the heart of the home – an entertainer's dream kitchen! This expansive culinary haven seamlessly connects to the living room and dining area, creating the perfect stage for gatherings and gourmet creations. Get ready to be dazzled! Not one, but two inviting living rooms await, one on the main floor and another upstairs, offering abundant space for entertainment and relaxation. Step outside into the spacious backyard, where tranquility and lush greenery abound, creating an oasis of serenity. Nestled at the end of a peaceful street with just one neighbor, this residence exudes exclusivity and privacy while still being part of a vibrant community. Plus, enjoy the convenience of being less than 10 minutes away from the Austin-Bergstrom International Airport, Tesla, and Circuit of Americas (COTA). Minutes from Downtown, McKinney Falls State Park, and more. Easy access to TX-45/130, MLK-183, and HWY-71 ensures swift access to everything Austin offers.
You may be able to put down less than the total down payment amount of $229,783 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: #1120578