218 Carpenter Hill Dr, Buda, TX 78610
4 beds · 3 baths · 2,289 sqft
Welcome to this exquisite 2,293 square foot (per tax records) residence, offering four spacious bedrooms and three beautifully updated bathrooms. Located in the charming town of Buda, in the desirable Carpenter Hill subdivision, this home provides a peaceful setting while being conveniently close to Austin. The entrance features elegant wood ceiling beams, adding a touch of rustic charm. One of the bedrooms features a versatile Murphy bed and custom closet organization. In addition, all the closets in the house have custom organization, maximizing space and convenience. Tray ceilings, ceiling fans, and upgraded fixtures throughout, enhancing the home's modern appeal. One of the bedrooms includes an ensuite bath, providing privacy and convenience. The bathrooms have been meticulously updated. A standout feature is the 100-year-old kitchen pantry door, adding a unique historical touch to the space. The laundry room is equipped with custom cabinetry and additional storage. Durable wood-look tile flooring spans the entire home, providing both beauty and practicality. The kitchen is further enhanced with undermount lighting, perfect for meal preparation. Additional features include a water softener, custom shower niches in all bathrooms, a fully floored attic space, 2-inch faux wood blinds, glass break sensors on the windows, and permanent LED exterior lighting, The exterior of the property is equally impressive, with sidewalks on the front and sides, a cedar outdoor porch ceiling, and a brick patio platform. The backyard is an entertainer's dream, featuring a grilling pad, an outdoor patio ceiling fan, and an irrigation system. This home is a perfect blend of modern convenience and timeless charm. Don't miss the opportunity to make it your own!
Source: ACTRIS #3823388
Financials
Source: ACTRIS #3823388
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.