9105 N Madrone Trl, Austin, TX 78737
5 beds · 2 baths · 2,112 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to the Village of Bear Creek, where the LAND is the true star here—5 ACRES!! -spacious, VIEWS, and full of possibilities. HUGE LAND CLEARING SITE COMPLETED FOR A NEW BUILD or animals!! Can subdivide no less than 2 acres. City water available at front of property. Imagine building a barn, adding fencing for animals, building a new home, adding a garden or simply enjoying the wide-open space and serene views. The original 1980s farmhouse on 5 acres in Bear Creek Oaks has a low annual HOA and 1.57% tax rate! The charming 2-story home in Dripping Springs ISD offers a few updates but is ready for you to put the final touches on spaces, OR Keep the original home for an STR or guests. With 2,112 sq ft, the layout features 5 bedrooms and 2 bathrooms, including 2 bedrooms on the main floor. The second bedroom could be an oversized closet, office, or nursery. Cozy living areas with a wood-burning fireplace, original hardwood floors, beamed ceilings, built-in bookcases, and chandeliers add to the farmhouse appeal. Exterior was painted in 2024 Creamy BM Ballet White, interior in SW Oyster White. The kitchen includes a microwave, electric oven, stone countertops, and room for a farmhouse table. Refrigerator and washer/dryer included. Open concept living space. The lot offers hill country views, a private yard, small garden area, and space for animals or expansion. Detached 2-car garage and additional parking. Rainwater collection system with filtration. Well needs further drilling and can be used for back up or irrigation. Located in Dripping Springs ISD with excellent schools. Easy access to Austin’s amenities. Property includes a quote for upstairs carpet replacement. Ideal land for a new personal home or short-term rental (STR). Property sold As Is; updates to spaces likely needed. Walk the land and imagine the possibilities! Deed restrictions and HOA docs available. No survey.
Source: ACTRIS #1383969
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #1383969
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.