20608 Adobe Trl Lago Vista, TX 78645
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About this home
Welcome to this beautifully crafted, semi-custom home located high above the breathtaking lake town of Lago Vista. Step inside to discover customized details that set this home apart! This thoughtfully designed 3 bedroom home also offers a bonus room allowing additional space for a playroom, exercise room, or office! The elegant countertops paired with the eye-catching wood detailing on the kitchen island contribute to a sophisticated and refined design aesthetic. The spacious open floor plan is conducive to family connection and ease of entertainment with friends. Along with two full bathrooms, each boasting double vanities, a stylish half bathroom includes a stunning, glass vessel sink. The primary ensuite offers a luxuriously designed custom walk in closet featuring built-in shelving and smart organizational solutions throughout. In addition to the appealing interior, practical function plays an essential role in the curated design. A custom designed dog wash station is smartly located in the oversized laundry room, perfect for pet lovers! Immediately across from the laundry room is a mud room for optimal organization, and a workspace/office just down the hallway. The spacious 2.5 car garage provides additional room for a golf cart, motorcycle, or extra storage, and includes a 50 AMP charging station for an electric vehicle. The inviting backyard includes a covered patio and plenty of private space for play and entertainment! Owning this property includes membership to the Lago Vista POA, allowing exclusive access to 9 private waterfront parks, basketball court, boat ramps, campground, disc golf course, fishing well, fitness center, hiking trail, marinas, parks, pavilions, pool, tennis courts, pickle ball courts, playgrounds and more!
Source: ACTRIS #7459747
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.