129 CAMELLIA DR, Hutto, TX 78634
Charming two-story home nestled in the quiet community of Creek Bend ~ Fabulous open floor plan with arched detailing and windows that allow in soft natural lighting ~ Eat-in kitchen with stainless steel appliances, ample cabinet and counter space plus breakfast bar for additional seating or serving guests buffet style ~ Bedroom and full bath located on the main level is the perfect space for guests ~ Head upstairs to the oversized game/bonus room to enjoy family game or movie night ~ Generous sized primary suite is located on the second floor and offers a full bath with walk-in closet, soaking garden tub and separate shower ~ Two additional bedrooms plus another full bath are also located on the second floor as well as a laundry room with built-in shelving ~ Huge fenced backyard features a large back patio and walkway to the firepit area ~ A fantastic place to relax after a long day or entertain friends and family with summer barbecues or smores by the firepit on cool evenings ~ With its prime location, you're just minutes away from top-rated schools, parks, shopping, and dining in the growing Hutto community ~ Just 10 miles from Round Rock, 28 miles from Downtown Austin and easy access to 79, 45 toll and 130 toll ~ Residents have easy access to many neighborhood amenities including Creekside Park, community pool, sand volleyball courts, basketball court and playscape
You may be able to put down less than the total down payment amount of $158,216 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: #8139055