16808 Morelle Dr, Austin, TX 78738
3 beds · 3 baths · 2,610 sqft sqft
Welcome to your new dream home in highly sought-after 78738, where you'll find a gorgeous, like-new house that's been thoughtfully crafted to meet your every need. This 1-story Cappuccino floor plan is wonderfully designed with 3 bedrooms, 2.5 bathrooms, a dedicated office, and a bonus/flex room. Custom paint and high-end lighting throughout! As you step inside, you'll immediately notice the luxury vinyl plank flooring, high ceilings and dreamy natural light that create a sense of openness and warmth. The spacious living room is perfect for relaxing with family and friends, with a corner fireplace, recessed lighting, and a contemporary fan. The gourmet kitchen is a chef's dream, with a large center island that features a breakfast bar, shaker-style cabinetry, tile backsplash, under-cabinet lighting and SS appliances. Whether you're hosting a large dinner party or an intimate gathering, the combined, open concept living, kitchen and dining offer the perfect space for creating lasting memories. The gorgeous owner's suite is a true retreat, with a beautiful accent wall, tray ceiling, and a large window with views of the backyard. The breathtaking spa-like bathroom features a custom tile backsplash, and a huge walk-in shower that offers the ultimate relaxation. The walk-in closet leads into the laundry room for added convenience. Both guest rooms have their own unique characteristics, with the guest bath featuring a fun accent wall that adds a touch of whimsy to the space. The huge covered back patio overlooks the peaceful backyard, with solar/smart lighting, making it perfect for alfresco dining and entertaining. The washer/dryer, fridge, and Vivint security system convey with the sale, making this home truly move-in ready. The community center features a pool, lounge, and vineyard, adding to the charm and appeal of this wonderful neighborhood. Zoned for highly rated Lake Travis ISD. So come on in, take a look around, and get ready to fall in love with your new home.
Source: ACTRIS #8638333
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #8638333
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #8638333
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.