1228 FAIRHAVEN GTWY, Georgetown, TX 78626
**WASHER & DRYER WILL CONVEY** Welcome to your dream home in the heart of Georgetown! This charming property is perfect for first-time home buyers and savvy investors alike. Boasting incredible curb appeal with low-maintenance, beautiful landscaping, this 3-bedroom, 2-bathroom gem is filled with must-see features. Step inside to discover a thoughtfully designed floor plan that maximizes space and functionality. Durable hard flooring throughout ensures easy upkeep, while the bright and inviting kitchen stands out with light wood cabinets, a stylish backsplash, a convenient pantry, and sleek stainless steel appliances. The adjacent dining area is perfect for entertaining guests and creating memorable moments. The primary bedroom offers a serene retreat with an en-suite bathroom featuring a dual vanity, walk-in shower, and a spacious closet. The additional bedrooms are versatile, ideal for guests, a home gym, or a home office. A well-appointed guest bathroom adds extra convenience for your visitors. Outdoor enthusiasts will love the covered patio, providing shade during warm summer days, and the privacy fence that ensures peace and seclusion. Located in a fantastic HOA community, this home grants access to a range of amenities, including a sparkling pool and scenic walking trails. Families will appreciate the nearby elementary school, while local shops and restaurants offer the best of Georgetown's vibrant lifestyle. Don't miss the opportunity to own this charming and cozy property. Schedule a tour today and experience all the wonderful features and benefits it has to offer!
You may be able to put down less than the total down payment amount of $92,190 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: #2687270