2421 CARRETERA DR, Leander, TX 78641
Benchmark Mortgage is offering 1% of the loan amount as a buyer credit when the seller accepts an offer with Benchmark Mortgage as the lender. Lowest PP/sqft in Palmera Ridge. Welcome to this stunning 1.5-story home located in the highly desirable Palmera Ridge community. Priced to sell, this is the lowest price per sqft in Palmera Ridge. This exquisite residence boasts 4 main-floor bedrooms, 3.5 baths, a dedicated home office, game room, and more, all within a spacious 3,231 square foot interior. With its impressive curb appeal, this home features stone and brick on all sides, complemented by meticulously maintained landscaping that creates a warm and inviting first impression. Step inside to discover high ceilings, gorgeous hardwood flooring, and abundant natural light throughout the open-concept floorplan, perfect for entertaining. The spacious living room, with its cozy fireplace, seamlessly connects to the kitchen and dining area, fostering a sense of togetherness. The dining area is highlighted by a modern chandelier, adding a touch of elegance and sophistication to every meal. The kitchen is a chef's dream, complete with a center island, breakfast bar, granite countertops, ample storage, and sleek stainless-steel appliances, including a gas cooktop. Retreat to the private owner's suite, a sanctuary of tranquility, featuring a tray ceiling, custom walk-in closet, and a luxurious en-suite bath equipped with separate granite-topped vanities, a soaking tub, and a separate walk-in shower. The main floor also includes a stylish home office with french doors, providing a quiet space for productivity, along with three additional guest bedrooms. Upstairs, you'll find a large game room, a full bath, and a charming reading nook, providing additional space for relaxation and recreation. The backyard is a private haven, featuring a covered patio beckoning to be reimagined. Don't miss the opportunity to make this exceptional home in Palmera Ridge yours.
You may be able to put down less than the total down payment amount of $291,445 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: #4754813