4820 Pyrenees Pass, Austin, TX 78738
4 beds · 3 baths · 2,849 sqft
Welcome home to the famous Texas hill country at Falconhead West. This gorgeous 2 story home was built in 2010 providing approximately 2,849 sq.ft and over $100,000 in upgrades. The floor plan is very accommodating and lives like a one story. The study and formal dining rooms are at the covered front porch entry offering a welcoming entry. The heart of this home is an open living, breakfast, and kitchen for everyone to gather. A corner fireplace creates the perfect focal point in the spacious living room. A unique tiled archway draws you into the kitchen featuring granite counters, stainless steel appliances, center island and walk in pantry. The primary suite is at the back for additional privacy in a huge bedroom, long walk in closet, jetted tub, walk in shower and dual raised vanities. Two additional bedrooms on the first floor share the guest bath off the gallery hallways. Upstairs is a massive game room next to the fourth bedroom and third full bath. Enjoy fantastic outdoor living on the wrap around covered patio overlooking a big back yard that has been extensively landscaped. The location could not be better with short walks or bike rides to the mailbox, 2 parks with covered playgrounds, miles of hike & bike trails, as well as the middle and high schools are just around the corner. Shopping, dining, golf, tennis, and Lake Travis are all nearby and downtown Austin is only 17 miles away. This is one of the most desirable communities in the Bee Cave area because it offers a little bit of everything. Come see for yourself why so many love the lifestyle here in Falconhead West.
Source: ACTRIS #6974682
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: ACTRIS #6974682
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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