Overview
- Updated On:
- October 30, 2024
- 4 Bedrooms
- 3 Bathrooms
- 2,649 ft2
Description
This home is offered with limited qualifying owner financing subject to an existing mortgage using a Wrap-Around Mortgage (aka Subject to mortgage). Wrap-Around Mortgage Terms: 10% down (min), 4.99% Interest rate, 5-year balloon
(PITI $5056.81 based on a loan amount of $625,500). A “wrap-around mortgage” involves the seller financing part of the sale and wrapping this around the existing mortgage. In this situation, the buyer makes payments directly to the seller, and the seller continues paying the original mortgage. The new loan (from the seller to the buyer) covers the existing mortgage and the additional amount for the purchase price. The seller’s loan remains in place, but the buyer assumes financial responsibility for the new and existing loans through their payments. At the end of the 5th year, the Buyer must pay off the existing debt, refinance, or sell the property.** Step into modern luxury with this gorgeous David Weekly 2022-built home in the desirable Headwaters community of Dripping Springs. This stunning residence features an open floorplan, a chef’s kitchen, and upgraded bathrooms, with large bedrooms offering comfort and space. The home backs to a serene greenbelt, providing added privacy and natural beauty. Enjoy being close to a new elementary school and scenic walking trails. Headwaters is an exceptional neighborhood where homeowners experience the perfect balance of rolling hills, modern living, and nature. The community features modern farmhouse-inspired homes, professionally landscaped streets, and a sophisticated amenities center, making it the heart of this sought-after area. Ask about our access to creative financing options and programs, including “Buy First, Sell Later”. More photos available upon request.
