571 Painted Creek Way, Kyle, TX 78640
4 beds · 3 baths · 2,984 sqft sqft
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!
Source: ACTRIS #2065299
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #2065299
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: #2065299
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.