8725 Minot Cir, Austin, TX 78748
4 beds · 3 baths · 2,394 sqft
**Charming South Austin Home w/Flexible Floor Plan & Views** Welcome to this lovely home nestled in a quiet cul-de-sac in the heart of South Austin, where flexibility & comfort blend seamlessly w/modern living. Step inside to open floor plan with spaces perfect for every member of the family, for entertaining, or for simply enjoying your day-to-day routine. Generous windows bathes the home in natural light, serene views of lush, shady backyard & greenbelt—no neighbors behind! Heart of the home is the kitchen, updated & designed for style & function, a chef’s dream w/miles of granite counters, ample cabinetry, breakfast nook, breakfast bar, great for entertaining or hanging out. Whether you’re hosting dinner parties in the formal dining rm or expanding your living space, the flexible layout allows you to tailor the home to suit your needs—an office, a cozy dining nook, a reading nook/library, craft room or even a playroom for the kids. Don't miss extra flex space at the front of the home. Upstairs, the extra-large primary suite is a retreat. Gorgeous windows frame the greenbelt view, offers a peaceful haven to unwind. The en-suite bath boasts two separate vanities, a relaxing tub & envigorating shower. Enormous walk-in closet that ensures there’s room for everything. 3 generously sized bdrms & a second bathroom complete upstairs. 4th extra-large bdrm can be a gameroom, providing space for a movie night or play area. Outside, the shady backyard is an oasis of calm, staying cooler by at least 10 degrees, the perfect place to relax even in the summer heat. Enjoy a family BBQ or just soak in the tranquility, trees provide both privacy and comfort. This home is perfectly situated near Austin major roadways like Mopac and I-35, with quick access to downtown, shopping, dining, and entertainment. The neighborhood is a hidden gem, filled w/lrg homes on spacious lots, large mature trees, pride of ownership & a strong sense of community. Come by and see for yourself!
Source: ACTRIS #8021883
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #8021883
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: #8021883
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.