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$529,800 SIGNIN

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864 Clear Springs Holw, Buda, TX 78610

4 beds · 3 baths · 3,076 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Welcome to this amazing home, perfectly situated in the desirable Elm Grove community. The fantastic location boasts a private backyard that backs up to open space, offering plenty of seclusion and tranquility. Inside, the open floor plan provides ample space for entertaining or relaxation, making it ideal for calm mornings and serene evenings. This 4-bedroom, 2.5-bathroom home is a blend of comfort and style, featuring a spacious study and an extra loft bonus area upstairs. The kitchen is a chef's dream, with granite countertops, stainless steel upgraded appliances, a pantry, island seating, and a dining area. The primary bath retreat is a serene oasis, complete with dual vanities, a soaking tub, and a large separate shower. The spacious walk-in closet and plenty of storage ensure that everything has its place. Throughout the home, you'll find upgraded baseboards, recessed lighting, and ceiling fans. Step outside to the extended covered patio, where you can enjoy a cup of coffee or unwind in the evening. The private backyard features a fire pit seating area, plenty of room to garden, and a shed for storage. With its prime location, just blocks from the highly-rated Hays CISD elementary school and minutes from specialty stores, shopping, and restaurants, this home offers the perfect blend of convenience and tranquility. Make it yours today!

Estimated
Seller's interest rate
3.93%
7%
Estimated
Monthly payment

$2,207
$2,653
You may also save up to $121,344 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,653 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
3.93%
Remaining term
22 yrs and 8 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,207
Principal & interest
$1,390
Mortgage insurance
$208
Property taxes
$133
Home insurance
$454
HOA fees
$20
Utilities
Not included

Source: Public records

Home details
Size
3,076 sqft
Lot size
0.172 acres
Year built
2010
Type
Single Family Residence
HOA dues
$20.00

Source: ACTRIS #8368225

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 03, 2025 05:53 pm
Listing agent: Spero Stavros
Listing provided courtesy of: KW-Austin Portfolio Real Estate (512) 901-9600
Details provided by ACTRIS and may not match the public record.
MLS ID: #8368225
Based on information submitted to the MLS GRID as of May 04 2025 - 10:47. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$2,207
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