12905 TURKEY RUN, Austin, TX 78727
** 1% lender credit if preferred lender is used.*** Welcome to this modern two-story gem in the heart of Lamplight Village, 78727. This home, meticulously renovated by an exceptional specialist who spares no expense and never cuts corners, offers a worry-free purchase. Enjoy summer evenings on the shaded screened-in porch or savor your morning coffee from the private balcony off the primary bedroom. The open floor plan features luxury vinyl plank flooring throughout, contemporary fixtures, and recessed lighting, creating an elegant ambiance. The spacious living room, with its inviting wood fireplace and large windows, is bathed in natural light. The fully updated kitchen is a chef’s dream, boasting quartz countertops, a stylish tile backsplash, modern cabinetry, and stainless steel appliances. Upstairs, the expansive primary suite is a true retreat, with French doors leading to a private shaded balcony. The spa-like ensuite bath includes a dual vanity, walk-in shower with a rainfall showerhead, and two closets. Two additional guest rooms offer comfort and flexibility, while an additional bathroom features custom tile, a new vanity, and updated lighting. The generous backyard includes three established oak trees, a shed for extra storage, and an enclosed back patio with a ceiling fan. A large tree in the front yard provides ample shade and energy savings. Recent updates include a new roof and windows installed in 2024, a new HVAC condenser in 2022, fresh interior and exterior paint, and a recently serviced irrigation system. Additional features include a dedicated laundry/mud room, a two-car garage with built-in workspace and storage, and pre-wiring for solar panels. This move-in-ready home is minutes from the Domain and Q2 Stadium, with easy access to major highways. Experience comfort, style, and peace of mind in this exceptional property, where every detail has been thoughtfully addressed.
You may be able to put down less than the total down payment amount of $147,374 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: #1000564
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.