16808 MORELLE DR, Austin, TX 78738
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.
You may be able to put down less than the total down payment amount of $77,540 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #8638333
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.