6841 RACCOON RUN, Austin, TX 78736
Welcome to 6841 Raccoon Run – a charming home nestled in a serene neighborhood! This residence offers a harmonious blend of modern amenities and tranquil surroundings on a generous .37-acre lot, providing a comfortable and stylish living experience. Since 2018, over $100k has been invested in this home to ensure the highest standards of comfort and style. Upon entering, you'll be greeted by a thoughtfully renovated kitchen, complete with new cabinets, quartz countertops, and high-end GE Cafe appliances. The kitchen boasts ample storage and an open layout that seamlessly connects it to the living room, creating an inviting space perfect for both everyday living and entertaining. The updates extend to a beautifully updated bathroom, featuring new fixtures, marble floor tiles, and a stylish shower. The expansive lot provides ample room for outdoor enjoyment, with multiple patios perfect for entertaining or relaxation. From the spacious 30 x 10 dining patio to the inviting front patio, every aspect of this property encourages outdoor living. Exterior has been recently refreshed with a fresh coat of paint on the siding and trim. Additionally, the property boasts an additional seating/fire pit area complemented by a river rock-lined path, offering a serene retreat within Austin city limits. While there are still a few small projects left to complete, the major improvements have already been done. This allows new owners to focus on cosmetic details and truly make the space their own. With the big-ticket items taken care of, you can enjoy customizing this home to fit your unique taste and lifestyle. Explore the charm and comfort of 6841 Raccoon Run!
You may be able to put down less than the total down payment amount of $174,210 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: #1721103