7618 Turnback Ledge Trl, Lago Vista, TX 78645
4 beds · 4 baths · 3,221 sqft
OPEN HOUSE 12/8 12-3PM Nestled on a spacious level corner lot with a serene greenbelt backdrop, this stunning single-level, 4 bedroom, 3.5 bathroom home combines luxury, sophistication, and functionality. This spacious, open layout is designed for modern living and entertaining. You will find many areas to entertain intimate or larger gatherings. The large island in the kitchen invites family & friends to gather around for any occasion. The covered porch was transformed into an all-season sunroom with argon glass walls & doors. An elevated, covered deck with roof extension was added for outdoor relaxation or entertaining. Just off the kitchen, perfect for crafting or staging items for entertaining, there is a butlers pantry with a sink, cabinets, ample countertop space & hook-ups for a W/D & a second refrig/freezer. This property has a versatile layout that can easily handle multigenerational living, multiple offices, or an extensive flex area. A solid wood barn door leads to a multi-functional area that could be a living area or a media/game room along with 1 bedroom, 1 bathroom, a 1-car garage & separate entrance. The primary bedroom has powered blackout blinds for getting your best rest any time of the day or night! The spa-like primary bathroom tub will lure you in, & the closet in the primary bathroom was custom built out to organize and showcase your personal items. There are upgraded low energy, high output ceiling fans, added can lights, added dimmers in the main rooms & primary bathroom, added pendant lights in the kitchen, added chandeliers in the foyer & dining room area, upgraded wood & tile flooring that runs seamlessly throughout the property to enhance your living experience. Natural light flows beautifully through solar shades. The house has solar panels to offset our high summer electricity costs. The backyard has been upgraded to add privacy & drought-tolerant landscaping. The garage floors have been epoxied & above garage storage added.
Source: ACTRIS #8731646
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #8731646
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: #8731646
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.