914 Challenger Lakeway, TX 78734
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About this home
REDUCED! Perched on a gentle knoll along one of Old Lakeway’s desirable waterfront streets, this elegant single-story home offers elevated views and timeless appeal. A set of double French doors welcomes you inside, where white limestone and rich wood flooring set a tone of understated sophistication. An arched entry leads to a lovely family room, featuring custom built-ins, a white limestone fireplace, high ceilings, and an open-concept layout that enhances the home’s airy, sun-filled ambiance. The gourmet kitchen is seamlessly connected to both the family room and the formal dining area. It features soft marble countertop island, painted white cabinetry with glass-front accents, granite counters, wood flooring, and ample storage—perfect for everyday living and entertaining alike. Graceful and light-filled, the home flows effortlessly into an enclosed sunroom that overlooks the beautifully landscaped backyard and garden, providing a peaceful retreat in every season. The primary suite offers a serene escape with wood flooring, large windows inviting natural light, and a spa-like bathroom complete with a deep-soaking tub, separate walk-in shower, granite countertops, and a generous closet. Spacious secondary bedrooms are on the opposite side of the home granting your guests privacy and share a beautifully appointed bathroom with a double vanity, jetted garden tub, and shower combo. A cedar-lined closet through the utility room and ample built-in storage adds thoughtful touches throughout the home. Additional highlights include a two-car garage and a white limestone patio overlooking the private backyard and gardens. Enjoy tranquil outdoor living on the front patio with beautiful views and exceptional privacy from both the front and back of the home. Minutes to shopping, dining, golf, marinas, waterfront park with pickle ball and nature trails. Lake Travis ISD
Source: ACTRIS #6189938
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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.