226 Thornless Cir, Buda, TX 78610
3 beds · 3 baths · 2,036 sqft
Rare opportunity just listed! ASSUMABLE FHA loan!! 3.99% for well qualified buyer. Call the listing agent for details. Stunning 3-Bedroom Oasis in the Heart of Sunfield! Experience the perfect blend of comfort and sophistication in this meticulously maintained 3-bedroom, 2.5-bathroom gem, nestled in the highly sought-after Sunfield neighborhood. From the moment you step inside, you'll be captivated by the exquisite custom woodwork that graces every corner of this remarkable home. Key Features: Spacious Living: Enjoy the open-concept design that seamlessly merges living, dining, and kitchen spaces, ideal for entertaining family and friends. Outdoor Paradise: Step into your expansive backyard retreat—perfect for summer BBQs, gardening, or simply unwinding in a private nature haven with no neighbors behind you. Resort-Style Amenities: Dive into a lifestyle filled with fun and leisure! The community boasts a spectacular lazy river, various parks, playgrounds, and walking trails for endless outdoor enjoyment. Education at Your Doorstep: Exciting news for families! A brand new elementary school is in the neighborhood in(2022), ensuring quality education is just a stone’s throw away. Don’t miss your chance to own a piece of paradise in Sunfield. Schedule your private tour today and discover your dream home!
Source: ACTRIS #6767950
Financials
Source: ACTRIS #6767950
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.