107 Scone Dr, Spicewood, TX 78669
3 beds · 3 baths · 1,904 sqft
FOR SALE OR LEASE! Nestled within the serene community of Briarcliff in the Texas Hill Country, this delightful family home offers a perfect blend of comfort, convenience, and character. Situated on a prime double lot, it offers ample outdoor space for entertainment and activities. Spread across the generous square footage of this residence, you'll find thoughtfully designed living areas that provide both comfort and functionality for everyday living, entertaining, and a view of the surrounding Hill Country. The heart of the home features an eat in styled kitchen equipped with stainless steel appliances, plenty of cabinetry and counter space, and an adjacent dining area ideal for culinary enthusiasts and hosting gatherings. Also offered with this open concept floor plan is the quaint living room that flows from the kitchen, and gives a picturesque view out the windows, yet anchored by the cozy stone fireplace ideal for those cool Texas evenings. Designed with the view in mind the primary bedroom is also located on the main living level with equally stunning views from the comfort of your bed and a generously sized primary en-suite bathroom. Located on the lower level of this home is 2 full sized bedrooms with walk in closets, a full bath, kitchenette, and a versatile flex space ideal for an office, play room, or second living area. From the lower level you can access the garage and a secluded rear patio area perfect for relaxing, grilling, or hosting in private. With the beautiful topography of the lots, there is a charming path leading to a rustic fir pit overlooking the rear patio, and the adjacent lot is a flat, open, lush area with tons of potential. Visit this exceptional property to experience all the amenities it has to offer from Lake Travis access, The Lighthouse Restaurant , Willies Put & Cut, hike & bike trail, Pace Bend Park, and surrounding Hill Country.
Source: ACTRIS #4913571
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #4913571
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: #4913571
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.