932 Medina Way, Leander, TX 78641
4 beds · 4 baths · sqft
**Assumable loan with 2.625% rate available for VA buyers!** This well-maintained home is located on the corner-lot of a cul-de-sac with a large front yard area and includes over $42,000 in builder upgrade options. As you step inside, you'll be greeted by an open-concept living space with upgraded LVP wood style flooring that seamlessly connects the living room, dining area, and kitchen. The kitchen is a chef's dream, featuring sleek countertops, stainless steel appliances, a large island, and upgraded 42” cabinet space. The primary bedroom, located on the main floor, has a coffered ceiling with multiple windows. The primary en-suite includes separate vanities, walk-in shower and a separate garden tub. The primary walk-in closet, with extra storage space under the stairs, has a short-cut door straight to the large laundry room. Also on the main level is a spacious office with double doors. Upstairs you will find a spacious secondary living/flex space, 2 bedrooms connected by a jack-and-jill bathroom, and a 3rd bedroom with another full bath located right next to it. With duo hot water heaters, you will never run out of warm showers. The backyard offers a patio space equipped with an exterior gas drop for a barbeque, and adjustable pull-down shades to provide relief from the hot summer sun. Around the corner, you’ll find a thriving garden, metal shed which conveys, and a greenhouse which can convey. Multiple trees have been planted throughout for additional privacy. An automated sprinkler system is located in front and back, along with the front flower bed, and bubblers for the 2 trees in front. The 3-car garage has been finished out with epoxied floors, painted walls and ceiling, and additional electrical outlets. Garage #3 is outfitted to be used as a workshop, if desired: fully enclosed space, upper shelving/cabinets, wired for 220 volt, and portable AC unit which can convey.
Source: ACTRIS #9068424
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #9068424
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: #9068424
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.