2608 James Bausch Ln, Austin, TX 78748
2 beds · 2 baths · 1,124 sqft sqft
4.9 % Assumable FHA Loan for qualified buyers! Must-See South Austin Gem! Cute, cozy, and stylish 2BD/2BA/1,124 sq ft home nestled away in Far South Austin’s well-established Olympic Heights community. Amazing location with super easy access to the burgeoning S. Menchaca entertainment district. Nearby you will find a growing selection of local eateries, food trailers, live music venues, hip bars, and more! Located across the street from one of the neighborhood parks with nature trails! Gorgeous interior stacked with desirable contemporary upgrades including updated wood-inspired flooring, freshly installed baseboards, neutral paint, and recently added SS range hood & floating shelving in the kitchen. Fantastic partially open floor plan with soaring vaulted ceilings and tastefully selected modern finishes. The home chef will love all the space in the bright & open kitchen with SS appliances, a pantry, and a lovely dining area. Amazing primary suite with an awesome private ensuite bath and walk-in closet. Great privacy with the bedrooms secluded away on opposite ends of the home. Enjoy relaxing and entertaining on the covered back porch plus a perfectly sized, fenced-in backyard with peaceful shade trees and plenty of space to create your ideal outdoor oasis. Google Fiber is available. Olympic Heights residents enjoy a private community pool & splash pad, sidewalks, and parks with walking trails and a pond. Easy access to S. Menchaca, 1626 & 45, and just 18 miles to Downtown Austin and 16 miles to the airport. Come and secure your own affordable sweet slice of South Austin before this area blossoms even further! The home is directly across the street from a secluded park with a walking path. Lots of trees! The Fenced Dog park is one block away- less than 5 min walk. Schedule a showing today.
Source: ACTRIS #4833942
Source: ACTRIS #4833942
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: #4833942
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.