1202 PARKWAY ST, Georgetown, TX 78628
Absolutely stunning remodel just minutes from the idyllic downtown Georgetown. Situated on a .291 acre lot, this one-story ranch style home boasts painted white bricks and a metal roof, giving it unbeatable curb appeal. There are several majestic oaks throughout the property, ready and waiting for their next rope swing or bird feeder. The moment you enter the home you'll notice brand new LVT flooring, recessed lighting and upgraded features throughout. A honed black marble kitchen island with waterfall edge is the focal point of the kitchen area. You'll also enjoy custom-built soft-close cabinets with stylish designer pulls. Sophisticated wall sconces offer soft lighting, while the wood paneling and stainless appliances make this kitchen a lovely place for cooking and entertaining. Beyond the kitchen and dining area is a butler's pantry with built-in cabinets that could also serve as charming work nook. Each bedroom in the home has new windows, ceiling fans, paint, baseboard and trim. The third bedroom is in the converted garage and has so much potential! Perfect for multi-generational living, it has a separate entrance, two large closets and plenty of room for larger furniture. And if you’ve been dreaming about backyard barbeques or family gatherings, the picturesque outdoor area will not disappoint! The backyard features decking and terraced granite-gravel, a garden area ready for planting, a large workshop with electrical and a window A/C, and a newer fence. Located just one block from the North San Gabriel River Hike and Bike Trail, 2.5 miles to HEB, and 2.8 miles to Target, this truly special home is not one to miss.
You may be able to put down less than the total down payment amount of $27,650 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #9421392