109 EGRET DR, Bastrop, TX 78602
Spanning 2,260 square feet on a generous .3-acre lot, this home offers ample room for your growing family to thrive. Imagine endless laughter and cherished memories created within these walls. Immerse yourself in the unparalleled ColoVista lifestyle, where days are spent relaxing by the sparkling pool, perfecting your swing on the championship golf course, or enjoying waterside adventures on the picturesque Colorado River. This exquisite residence is a testament to refined living, offering the perfect blend of comfort and sophistication. Experience the joy of hosting unforgettable gatherings in your expansive outdoor spaces, while the serene ambiance of ColoVista provides the ultimate escape from everyday life. Enjoy the best of both worlds: the tranquility of ColoVista and the vibrant energy of historic Downtown Bastrop. Just a short drive away, discover charming shops, wineries and distilleries, delectable restaurants, and a thriving live music scene. Plus, enjoy easy access to the bustling city of Austin and the convenience of ABIA for travel adventures. Indulge in the extraordinary. Make this your family's forever home.
You may be able to put down less than the total down payment amount of $114,126 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #9647252