521 Cold River Run, Kyle, TX 78640
4 beds · 3 baths · 2,589 sqft
Get a free consultation call with an expert in the mortgage assumption process.
$20,000 Buyer Incentive!!! $20,000 Buyer Incentive!!! Welcome to 521 Cold River Run! If you have been patiently awaiting for that perfect home to present itself to you, pay attention because your patience may have just paid off! Located within the prestigious community of 6 Creeks, you’ll find this gorgeous 1-story home stretched out over a premium & rare size lot of .31-acres. Most homes in this community, with this size of a lot, generally sale for between 600K & 900K, making this estate a rare opportunity, indeed. With the expansive outdoor space, you’ll have the freedom to create your ideal backyard setup, whether it’s an inground pool, garden, or outdoor living space. The choice is truly yours! The lovely floor plan, thoughtfully designed by Perry Homes, is both spacious & inviting, creating an open layout that delivers a bright, airy atmosphere throughout. The moment you walk through the front door, you’ll realize that this home is on a different level from the ordinary. The vastness of the entryway offers a dynamic first impression to the home, mainly due to the soaring 12-foot ceilings you are greeted with. As you become more intertwined w/ the home, you'll notice premium features such as luxury flooring, Palio Stone quartz and Marlana marble countertops, 42-inch Shaker Panel cabinetry, high-end antique pendant lighting, dazzling Chelsea Glass backsplash, custom fitted GE SS appliances, under-mounted lighting, picture windows showcasing the backyard, & much much more. This home combines style, space, luxury, & location, making it the perfect choice for anyone seeking a premium living experience. This home is a MUST SEE to truly understand everything it has to offer! Call today to set up your private showing so you can see what I’m raving about! Oh, and one more thing, this home has one of the lowest tax rates in the community. That's money saved right from the get-go! Amenities: Pool, Fishing Pond, Playground, Park, Club House, Jog/Bike Trails, ETC.!
Source: ACTRIS #5156489
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #5156489
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.
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.
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.