8008 Prairie Rye Dr, Lago Vista, TX 78645
3 beds · 3 baths · 2,496 sqft
This stunning property offers the perfect blend of tranquility and luxury living. Sunsets stretch for miles, and the lake is less than a mile walk. Step inside to discover a thoughtfully designed floor plan featuring expansive windows lots of natural light, highlighting the beautiful craftsmanship and attention to detail throughout. When you walk in, you're greeted with a stunning wrought iron staircase and gorgeous tile floors. You have a powder room, perfect for guests. The heart of the home is the spacious living area with tall ceilings. Open living is ideal for hosting gatherings. The adjacent kitchen is a chef's dream, complete with an large island/breakfast bar, a gas cooktop stove, a built-in microwave, honeycomb tile backsplash, rich-colored cabinets, stainless steel appliances, pendant lights and pantry. Retreat to the luxurious downstairs primary suite, which en-suite bathroom has a double vanity, a WIC, a walk-in shower, and a soaking tub. Head upstairs; you have two spacious bedrooms and a secondary bath with an extended single vanity and a tub/ shower combo. You also have a media room and a loft space. How will you use this space? It can be a movie room, playroom, office, workout space, and more. You have a convenient utility closet. Head to the backyard. You have a covered patio. You have a walking path to a sitting area, and the yard has been divided with a fence and gate for your furry best friend or gardening hobbies. Shade trees are abundant in the adjoining property, which offers shade and privacy. Community offers: offers many outdoor adventures, such as boating with private dock, private boat launch, a mile of shoreline, fishing, swimming, playscapes, trails and more . You can also relax and take in the breathtaking views of the surrounding landscape. With its unbeatable location and upscale features, this home offers the ultimate lakeside lifestyle. See community website https://tesseraonlaketravis.com.
Source: ACTRIS #2716216
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #2716216
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.