807 Geiger Path, Spicewood, TX 78669
5 beds · 6 baths · 5,057 sqft
ASSUMABLE VA LOAN FOR VETERAN BUYERS WITH LOW 3.625% RATE!! Welcome to luxury living in prestigious Rough Hollow, nestled in the scenic hills surrounding Lake Travis. This stunning 2021-built home offers over 5,000 square feet of meticulously crafted interior space, featuring the sought-after Lynmar II floor plan. Contemporary elegance, spaciousness, and superior quality define this residence, making it a rare find. The home boasts soaring ceilings, designer lighting, and wide-planked hardwood floors throughout most areas, creating a warm and inviting atmosphere. Expansive steel-framed windows flood the space with natural light and offer a seamless connection to the outdoors. The main level includes the owners suite and an ensuite guest room, ideal for multi-generational living. Upstairs, you'll find three additional guest suites with private baths, a media room, and a game room. The covered upper-level patio offers a great place to relax and take in long distance views. At the heart of the home is a gourmet kitchen featuring a 48” JennAir gas range and grill, seamlessly connecting with the family room, dining area, and outdoor spaces—perfect for both entertaining and daily living. This home is thoughtfully designed with an oversized butler’s pantry, utility room, and three-car garage for ample storage. A main-level powder bath adds convenience for guests. Rough Hollow offers a resort-style lifestyle with lake amenities, community pools with lazy river, playground, clubhouse, fitness, sports courts and tons of hiking and biking trails. Rough Hollow also boasts a lakeside restaurant within the community. For qualified VA buyers, loan assumption may be possible. Don’t miss this exceptional residence that pairs an incredible living experience with the unmatched Lake Travis lifestyle.
Source: ACTRIS #6346939
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #6346939
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: #6346939
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.