1609 Osprey Ridge Loop, Lago Vista, TX 78645
4 beds · 4 baths · 3,516 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to the epitome of luxury living in the highly sought-after gated community of Waterford on Lake Travis. This estate also offers practical and efficient features, such as a long-lasting metal roof, an oversized 2.5-car garage, and a comprehensive sprinkler and security system. As you approach this residence, you are greeted by stunning views. The entrance is graced by soaring ceilings that create an immediate sense of openness. A focal point of the living area is the floor-to-ceiling stone fireplace, a true work of art. A dedicated office space ensures productivity that includes new windows, complete with motorized shades. The open floor plan flows effortlessly, with two expansive living areas . The use of premium materials is evident, from the rich tile, wood, and lush carpet flooring to the soft decorator interior paint. The heart of this home is the open kitchen, which boasts top-of-the-line Jenn-Air stainless steel appliances and granite countertops. It's a gourmet chef's dream come true. The owner’s suite, located on the main floor, is a sanctuary of comfort and luxury that features bamboo wood flooring. The owners bath features a jetted tub and an upgraded shower, providing a spa-like experience within the comforts of your own home. Large windows throughout the home flood the interior with natural light and frame breathtaking views. The connection to the outdoors is enhanced by two balconies, ideal for hosting gatherings or simply savoring the peaceful ambiance. The crown molding adds a touch of elegance to every space. The home boasts a range of mechanical systems, including a water softener, a state-of-the-art HVAC system with seven zones, an electronic filtering system, and a tankless water heater. In this prestigious community, residents enjoy easy access to the marina, schools, golfing and fine dining. This is more than a home; it's a lifestyle, and it's ready for you to make it your own.
Source: ACTRIS #1981016
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #1981016
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.