403 Red Hawk Dr, Leander, TX 78641
6 beds · 4 baths · 2,775 sqft sqft
*Temp off market for Repairs 3.5 FHA Assumable Loan-6 BEDROOMS-Room for EVERYONE!!! Multi-generational or possible PAD SPLIT? Discover SPACIOUS living in this beautifully appointed 6-bedroom, 3.5-bath home spanning 2,775 sq ft. on a private heavily treed lot located in the sought-after, centrally located neighborhood of Vista Ridge. Close to ACC, HEB, Library, parks, dining & shopping. This residence offers versatile living spaces & luxurious amenities. Easy living with no carpet on 1st floor. The main level also features a serene primary suite with a bay window complemented by a primary bath with separate shower, double-level closet, & a jetted soaking tub for ultimate relaxation. The formal dining room, currently used as an art room & guest sleeping area, boasts stunning custom barn doors, offering flexibility to revert to a formal dining room as desired. Upstairs you have 5 bedrooms with two full bathrooms (with new flooring)! A kitchenette on this level also with new flooring provides essential appliances—refrigerator & hot plate—for light cooking & convenient refreshment storage. The streamlined layout maximizes space with removable cabinets, enabling easy conversion back to a 5th upstairs bedroom if preferred. The large upstairs living area is perfect for a game room. Back downstairs-Natural light floods through large windows equipped with 2" blinds, enhancing the inviting ambiance throughout. Walk out on to your covered patio with new ceiling fan for a light breeze to enjoy the sunsets and bird watch. The expanded lower patio area allows for additional seating area, bbq's, play space...so many options. Room for a pool, or enjoy the community amenities just two short walkable blocks away, including a pool and park, perfect for leisurely strolls. This residence presents a rare opportunity to create your ideal living environment in a desirable neighborhood setting. Don't miss out on making this versatile home yours!
Source: CENTRALTEXAS #549851
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #549851
Source: Public records
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: #549851
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.