2142 CERVIN BLVD, Austin, TX 78728
Absolutely adorable and affordable home nestled on a shady tree covered lot surrounded w beautiful flowering plants! This lovely open floorplan features Classic character with modern updates from the moment you pull up! You are greeted with a tall covered front porch & big picture windows that let in tons of natural light making this a bright & happy home! The 2 story vaulted ceilings are complimented w a wood burning fireplace w custom mantle surround, gorgeous wood metro flooring, crown molding, matt black ceiling fans, 2 in wood blinds, modern sputnik lighting fixtures & glass french doors off the dining room that overlook the patio w covered awning & deck w built in seating! You will love the gourmet kitchen featuring a huge center island w Quartz counters, tasteful glass backsplash, gas range w drop down SS vent hood, tons of cabinets w lazy suzan storage, deep farm sink & gooseneck faucet! The oversized primary has french doors leading to its own private patio & features a spa like bath w double Quartz vanities, chrome faucets, garden tub & big WIC! The location is fantastic w all of the wonderful amenties that the Wells Branch neighborhood has w in walking distance like fishing lake, miles of hike & bike trails, multiple parks, pool, dog park, disc golf, skate park, fitness/rec center & Library! Easy access to Toll Rds, 5 min to Dell, 10 Min to the new Apple Campus & 25 min to the new Samsung Plant! Close to Target, Movies, Chuys, Rudys, Jack Allens, Whiskey Cake & tons of yummy restaurants! Just a short distance to downtown Round Rock or Downtown Austin to experience all of the amazing museums, art & culture that they have to offer! What a great place to live!
You may be able to put down less than the total down payment amount of $218,378 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: #5968625