131 COLLARED DOVE CV, Kyle, TX 78640
Pristine and well-maintained, 131 Collared Dove Cove is ready for YOU! Soaring ceilings greet you as you enter the home. The family room is open to the eat-in kitchen which provides a great flow for family and friends. The kitchen has granite countertops, and stainless steel appliances. Don't miss the warm, under-cabinet lighting! The refrigerator comes with the home! There is also a pantry and a bench seat in the breakfast area! The primary suite is on the main level with the primary bath attached. The primary bath has a garden tub, walk-in shower, double vanity, and a walk-in closet. Just off the family room, a hall leads you to a main-level half bath and laundry room. Upstairs is a loft that overlooks the family room. Bedrooms 2 and 3 are upstairs with a full bath. Ceiling fans are in all the bedrooms, the family room, and the loft! This floor plan is great for everyone! The private backyard has a huge shade tree, lots of room to run, and a covered porch to enjoy your morning coffee or dinner al fresco! The home is south-facing which is preferable for lower utility bills. Collared Cove is a cul-de-sac so no thru traffic. Meadows at Kyle is a welcoming community with great neighbors and quality of life! The pool, playground, and sidewalks help connect all the residents. Close to IH-35, shopping, dining, and entertaining. It is also on the north side of Kyle which will locate you closer to Austin. We hope you love it as much as the sellers have!
You may be able to put down less than the total down payment amount of $78,798 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: #5332400