22619 Fountaingrass Ln, Marble Falls, TX 78654
4 beds · 3 baths · 2,448 sqft
*** VA LOAN OF 4.96% IS ASSUMABLE. 28 YEARS LEFT OF THE LOAN *** Immaculate 1.5 story situated on a quiet cul-de-sac with low traffic! Upon entering, you’ll be captivated by the spacious open floor plan and natural lighting throughout. The kitchen is a chef’s dream - boasting ample cabinetry, an oversized leathered granite island, built-in microwave drawer, soft-close drawers, gas range with convection oven and a walk-in pantry. The family room is open to the dining area and includes a cozy gas fireplace. Currently set up as a lounge, the bonus room can be used as a playroom, secondary office, or workout area! Owner’s retreat features an ensuite bath with His and Hers sinks, walk-in shower, and a large master closet. Conveniently located upstairs is a potential fourth bedroom or living area that offers plenty of room for extra activities, teenager hangout or a quiet space to read! Outside, you’ll find an enlarged outdoor patio with gas stub for grill and numerous trees that create ultimate back yard privacy. Community amenities include walking trails, playground, pool, event pavilion, boat launch, volleyball and Lakeside beach. Don’t miss out on this gem – schedule your showing today!
Source: ACTRIS #1079895
Source: ACTRIS #1079895
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 45-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: #1079895
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.