159 Moku Manu Dr, Bastrop, TX 78602
7 beds · 5 baths · 4,819 sqft
Welcome to this stunning property that offers the perfect blend of luxury, comfort, and entertainment. Nestled against a beautiful golf course, this home boasts breathtaking views and an array of desirable features. The main house is spacious and thoughtfully designed, with a very large primary bedroom that includes two walk-in closets and a private door leading to the back patio. The en-suite bathroom is a serene retreat, featuring double vanities, a jetted tub, and a large shower. The office is a perfect work-from-home space, complete with French doors, a wall of built-in cabinets, and shelves for all your storage needs. The chef’s kitchen is a true highlight, with a center island, a large breakfast bar, sleek black granite countertops, and an abundance of cabinets, including dedicated spaces for displaying fine dinnerware. The living room features a cathedral ceiling with two ceiling fans, a gas log fireplace, and built-in shelves. Large leaded glass windows provide stunning features and plenty of natural light. The dining room is ideal sized for hosting gatherings with family and friends. The three additional bedrooms in the main house are equally spacious, each with custom built-in shelves and drawers, and share a well-appointed bathroom with a double vanity and shower/tub combination. The third bathroom, conveniently located with access from the pool and patio area, includes a shower. Step outside to your private oasis, where you’ll find a gorgeous pool with a waterfall feature and a hot tub, perfect for relaxing or entertaining. The expansive patio area offers plenty of room for outdoor seating and dining, all overlooking the tranquil golf course. The guest house offers 1,872 square feet of living space with three bedrooms and two full bathrooms. This separate living space is perfect for visitors or multi-generational living. Don’t miss the chance to own this exceptional property, offering both luxury and functionality in a beautiful setting.
Source: ACTRIS #5490011
Financials
Source: Public records
Source: ACTRIS #5490011
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.