119 Nandina Path, Bastrop, TX 78602
3 beds · 3 baths · 2,134 sqft
Incredible opportunity with motivated sellers—bring all offers! The sellers are willing to offer up to $15,000 towards closing costs. This home is listed well below comparable homes in the area, making it an exceptional value! Step into this pristine, move-in-ready home, where natural light pours through every window, creating a welcoming and airy atmosphere. The thoughtfully crafted layout boasts a main-level primary suite, complete with a spa-like en suite bathroom featuring a dual-sink vanity, a luxurious soaking tub, a walk-in shower, and an expansive walk-in closet. Also on the main floor, a generously sized office near the front entry that offers ample closet space and double doors. This space can easily be transformed into a fourth bedroom if desired. Upstairs, you'll find two spacious bedrooms, along with a versatile bonus room/loft area, perfect for a home office, playroom, or extra living space. At the heart of the home lies the stunning kitchen, showcasing sleek granite countertops, a central island, and a gas range that will excite any culinary enthusiast. The open-concept design seamlessly connects the kitchen to the dining and living rooms, creating an ideal setting for hosting gatherings or enjoying cozy nights by the stone fireplace. Step outside to the private, enclosed patio, where you can relax and enjoy the peaceful views of the meticulously landscaped lawn—a perfect retreat for both relaxation and entertaining. With a two-car garage and a host of modern amenities, this home truly offers everything you need and more! Click the Virtual Tour link to view the 3D walkthrough. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
Source: ACTRIS #1715219
Financials
Source: Public records
Source: ACTRIS #1715219
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.