1940 Cantonata Dr, Leander, TX 78641
4 beds · 4 baths · 2,410 sqft
*Lender paid 1% rate buydown for first TWO years when using Brooke Payne w/ CMG* Mockingbird Park home nestled amongst a wooded greenbelt featuring beautiful limestone & spacious interiors. Showcasing incredible 2 story ceilings, an upstairs game room & welcoming front porch, head inside to find an entryway leading to the heart of the home. The open floor plan seamlessly connects the living, dining & kitchen areas creating an ideal space for gatherings & everyday living. Natural light illuminates the home, highlighting the impeccable craftsmanship & charming modern finishes. Designed for aspiring chefs & casual cooks alike, quartz counters, modern cabinets, & built-in SS appliances await your culinary aspirations. Look out the large kitchen window framing nature's artwork - a lush expanse of trees just beyond its pane offering a natural buffer for your home. Designed with grandparents & guests in mind, the downstairs bedroom boasts an en-suite prioritizing comfort & privacy. Upstairs, the primary retreat offers a spacious layout, 2 generous closet spaces & a spa-like bathroom with dual vanities, a garden tub & glass framed shower. The additional 2 bedrooms provide spaces for family, guests, or a home office, reflecting the home's versatile design. With ample space for outdoor recreation & entertaining, the backyard is your outdoor living space & personal retreat! Quick access to neighboring 45.5 acre Devine Lake Regional Park with lake activities, pavilions, picnic areas, playscapes & trails. Located 5 minutes from everyday necessities like HEB-plus! & a short drive to the Parke & 1890 Ranch with shopping, restaurants, & entertainment. Easy access to Toll-183, Hwy 29, & Leander Station’s Metro Rail. Top rated Leander ISD schools & zoned to attend under construction Elementary 30 just 1 mile away.
Source: ACTRIS #8582980
Source: ACTRIS #8582980
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 30-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: #8582980
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.