12516 Brahmin Dr, Austin, TX 78724
3 beds · 2 baths · sqft sqft
Discover the best value in Austin's Tiermo neighborhood! This stunning single-story home, built in 2020, is in excellent condition and has been meticulously maintained by first-time homebuyers who are relocating for new opportunities. Situated at 12516 Brahmin Dr, this residence offers ample living space with 3 bedrooms and 2 full bathrooms, along with plenty of storage and a versatile 2-car garage. The open-concept floor plan is ideal for gatherings while providing a perfect balance of privacy between the master suite and the additional bedrooms. The kitchen is an entertainer's dream, featuring granite countertops and an island that includes a built-in sink and seating area. It is fully equipped with a dishwasher, stove, and built-in microwave, making it perfect for everyone from casual cooks to culinary enthusiasts. The primary bedroom serves as a personal retreat, complete with a window that overlooks the spacious backyard. The master bathroom boasts upgraded sink fixtures and connects to a large walk-in closet. The two additional bedrooms are versatile, perfect for guests, an office, or a work studio, and are conveniently located near the second full bathroom. Upon entry, you'll notice the upgraded flooring in all common areas, while the bedrooms are carpeted for added comfort. Stepping out onto the backyard patio, you'll enjoy a wide-open view enclosed by a 6-foot privacy fence, making it perfect for your furry friends. If you're considering this home, you’ll appreciate its close proximity to Tesla Giga Texas and Austin-Bergstrom International Airport. With easy access to major highways, you can get where you need to go in no time. Priced to sell, this home represents a fantastic opportunity in East Austin. Don't miss your chance to make this your new home!
Source: ACTRIS #5612276
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #5612276
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #5612276
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.