5111 N Hearsey Dr, Austin, TX 78744
3 beds · 3 baths · 1,736 sqft sqft
Ask about special financing available on this home. Fresh interior and exterior paint lend a fresh and modern feel to the home, creating a welcoming atmosphere from the moment you step inside. Newly installed Vinyl plank floors downstairs and in bathrooms offer durability and easy maintenance, while carpet installed in April 2024 provides plush comfort in the bedrooms. This charming home has an inviting open living area. Wired for surround sound, you can immerse yourself in your favorite movies or music. The kitchen features granite countertops, refinished cabinets & hardware, black & stainless-steel appliances including fridge. Washer & dryer are included for your convenience, ensuring seamless move-in. Convenience is key with all three bedrooms conveniently located upstairs, providing privacy and separation from the living areas. With 2.5 baths, morning routines will be a breeze. Retreat to the comfort of the sizable primary bedroom, complete with ensuite with convenient double vanity, garden tub/shower combo and an expansive walk-in closet, offering plenty of storage for your wardrobe essentials. Step outside to the fenced backyard and unwind on the deck, perfect for enjoying a morning coffee or hosting summer BBQs. The deck has been recently rebuilt, ensuring longevity for years to come. The home's HVAC system was replaced approximately three years ago, offering peace of mind and energy efficiency. Welcome to your new home nestled just minutes away from Downtown in a prime location! Close proximity to the airport, McKinney State Park, golf courses, Tesla, dining and shopping destinations. Google Fiber area. Don't miss out on this fantastic opportunity for comfortable living in a desirable location!
Source: ACTRIS #7153073
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #7153073
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.
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: #7153073