571 PAINTED CREEK WAY, Kyle, TX 78640
Assumable Loan Potential for owner occupants! Welcome to this stunning home located on a 70 foot GREENBELT lot in the highly desirable 6 Creeks neighborhood of Kyle, TX! The curb appeal of this home is exceptional, and as you enter you'll notice the wide hallway and 13' high ceilings. This home has all the bells & whistles, & features 4 bedrooms, 3 full bathrooms, a spacious office with french doors, an amazing bonus game room, and a THREE car tandem garage with epoxy seal! The open concept kitchen is sure to impress with its beautiful stone counters, HUGE island, stainless appliances, stunning backsplash, multiple dining areas, & plenty of cabinet space for all your storage needs. With tons of windows that span across the living room & kitchen, the natural light creates a warm & inviting atmosphere, perfect for relaxation & entertaining. The large primary bedroom is a true retreat & comes with a large soaking tub & separate walk-in shower, large counter space with dual vanities, as well as a huge walk-in closet! The laundry room is impressive with lots of cabinetry, counter space, sink, & even has a bonus door that connects to the primary bedroom closet! The 4th bedroom also comes with its very own full bath & large walk-in closet! As you make your way through the backdoor, you'll notice the perfect space for outdoor gatherings & relaxation. Views of the greenbelt are gorgeous & a must see! Other features of this home include 4 side brick/stone, beautiful tile flooring, fireplace, recessed & pendant lighting, surround sound in living room, ceiling fans throughout, gutters, sprinkler system that covers the front & backyard, tankless water heater, pantry, walk-in closets in guest rooms, large storage shed in back, & lots of storage. The 6 Creeks community is highly desirable & features a large community pool, park/playground, multiple pickleball courts, sidewalks, & trails to explore the community!
You may be able to put down less than the total down payment amount of $255,840 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #2065299