114 LOON DR, Bastrop, TX 78602
Looking for a beautiful nearly-new customized home located in the prestigious Colovista Country Club? A thoughtfully designed home with a luxurious open floorplan, lovely white oak flooring, shiplap details, high end modern fans and fixtures, real wood accents, canned/recessed lighting, 9+ ft ceilings for a feeling of elegance and space, and a plethora of light throughout the home! A wide and inviting foyer area leads to the open kitchen, living, dining, bar seating, and office. The KITCHEN features modern shaker cabinets, updated hardware, all stainless steel appliances, walk-in pantry, large basin sink, gooseneck faucet, huge kitchen island, stone countertops, and bright/modern subway tile backsplash. Off the oversized living and dining rooms, the OFFICE/second living room/flex area overlooks the wrought-iron fenced in backyard and covered patio with a fan, lighting and television. The large PRIMARY BEDROOM has plenty of room for a king bed, sitting area, and tv area. The PRIMARY BATH features wood floors, quartz counters, walk-in oversized subway tile shower, modern square inset sinks, fresh fixtures, a clerestory window, and shaker cabinets. The PRIMARY HIS/HERS CLOSETS feature a large amount of space with customized shelving to organize it all! The SECONDARY BATHROOM also has quartz counters and quality finish outs. Even the laundry room has thoughtful style - with a custom tile accent wall and industrial chic hanging bar! Timeless stone and brick exterior means no need to worry about replacing siding. Lots of garage storage. Community allows membership access to the COUNTRY CLUB for additional fee - with the mansion, golf, tennis, swimming, hiking trails, and convenient access to the Colorado River for water sports. Fridge/washer/dryer can convey with great offer. Water softener system included. With a low-maintenance design and a location close to Austin and the amenities of Bastrop, this home provides an exceptional living experience! Come see for yourself!
You may be able to put down less than the total down payment amount of $33,242 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: #3575063
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.