21715 CRYSTAL WAY, Lago Vista, TX 78645
Stunning Lago Vista residence is surrounded by mature trees that provide the perfect balance of sunlight and shade throughout the yard. The large driveway accommodates several vehicles and offers ample space for boat parking. The interior boasts an open floor plan with tile and laminate flooring throughout the main living spaces, complemented by cozy carpet in the bedrooms. Natural light floods the home through large windows, creating a bright and inviting atmosphere. The office/flex space features striking, custom barn doors, adding a touch of rustic charm. The spacious kitchen, open to the family and dining area is a chef's delight with a large island and seating area, perfect for entertaining. The primary bedroom is a true retreat, offering a dual vanity, a large walk-in shower, and an expansive closet. Step outside to a spacious backyard, thoughtfully partitioned for entertaining, gardening, or providing a safe haven for pets. Embrace nature by feeding the deer, watching playful squirrels, or indulging in bird-watching. Chickens are allowed, offering the opportunity to enjoy fresh, healthy eggs. Located just 3/4 mile from the park, lake, and boat ramp, outdoor adventures await at your doorstep. The nearby fitness center is only 1/4 mile away, making it easy to maintain an active lifestyle. Great opportunity for lakeside living in Lago Vista!
You may be able to put down less than the total down payment amount of $192,014 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: #3069790