21709 OSAGE LN, Lago Vista, TX 78645
Assume this home’s 4.99% FHA mortgage and save $190k over the life of the loan, and close within 45 days when you work with Roam. Inquire with the listing agent for more details. Welcome to Your Dream Home! Exquisite one-story home offers an unparalleled living experience, where elegance meets functionality in a breathtaking environment. Designed thoughtfully with a mother-in-law floor plan, this property promises privacy coupled with spacious living, minutes from the shimmering waters of Lake Travis. Step inside to discover a sanctuary of style & comfort, with 3 generously sized bedrooms & 2 full bathrooms, ensuring ample space for family & guests alike. The home's open concept design fosters a welcoming atmosphere that's perfect for entertaining, blending living, dining, & kitchen areas into a cohesive & functional space. The kitchen, is a masterpiece of design & utility. Upgraded quartz countertops perfectly complement the 42-inch cabinets, offering both style & storage. Stainless steel appliances, pendant & recessed lighting, alongside a well-sized pantry, make this kitchen a culinary enthusiast’s dream. Beauty & practicality merge in the flooring throughout the home, featuring wood-looking tile that combines the elegance of hardwood with the durability & ease of tile. This detail ensures a modern look that's easy to maintain, ideal for a bustling family life. This oversized lot stands out with no neighbors directly on all 4 sides, providing a safe & expansive area for relaxation & recreation. The large yard enhances your outdoor living possibilities. The roaming deer adds a touch of wildlife charm, typical of the Lago Vista area. Positioned just minutes from Lake Travis, enjoy easy access to water activities, 9 lake parks, pool, marina, fishing wells, floating dock restaurants, pickleball, tennis, fitness center, golf course, scenic views, & a vibrant community. The local area is peaceful yet connected, offering a perfect balance for both leisure & adventure.
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: #2189146