1620 Bosque Lago Dr
Belton, TX 76513
4 beds · 4 baths · 3,109 sqft
$680,000
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SELLER IS OFFERING 10K in SELLER CONCESSIONS with a full price offer! 2.25% assumable VA loan for Veterans and Active Service Members. Welcome to 1620 Bosque Lago Dr, a luxurious and meticulously upgraded 4-bedroom, 2 full bathroom, and 2 half bath home with 3,109 square feet of living space in the desirable Bosque Lago community of Belton, Texas. This former "Carothers Executive Homes" model home is situated on a spacious 0.55-acre corner lot, offering privacy and elegance with 9-foot doorways, soaring 12-foot ceilings, and high-end finishes throughout. The gourmet kitchen, complete with a built-in oven, large island, and open floor plan, seamlessly flows into the living room, where a wood-burning fireplace creates a cozy atmosphere. The primary suite features a private exit to a covered patio, which boasts ceiling fans, an outdoor kitchen, a fireplace, and a serene backyard filled with mature trees. The primary bathroom is a luxurious retreat with a standalone shower, a separate soaking tub, double vanities, and dual walk-in closets with floor-to-ceiling built-in storage. Additional highlights include a dedicated office, an upstairs media room with a half bath, a formal dining room, a breakfast area, and a 3-car garage with ceiling-installed storage. The home is fully equipped with a built-in surround sound system that extends to the patio, a full irrigation system, full gutters, and BRAND NEW ROOF. Located in the Bosque Lago community, residents enjoy access to a private pond and basketball court, with Belton Lake and other outdoor amenities just a short drive away. This exceptional property combines quality craftsmanship with modern conveniences, offering the best of luxury living in Belton. Don’t miss the opportunity to make this dream home YOURS—contact us today for more information or to schedule a private showing!
Source: ACTRIS #9090500
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.