1624 Highland Ridge Rd, Georgetown, TX 78628
3 beds · 2 baths · 2,292 sqft
This enchanting Scott Felder built home boasts modern comfort and classic design ~ Recent carpet and interior paint ~ The chef’s kitchen features gleaming granite counters, stainless steel appliances, oversized island with breakfast bar and gas cooking the cook in your family will love ~ Spacious open family room with inviting corner fireplace that offers the perfect place to curl up with a warm cup of cocoa on a cool winter evening ~ The true open floorplan is an entertainers delight ~ Generous sized owner’s retreat features bayed windows and full bath including double vanity, separate shower, soaking garden tub and huge walk-in closet ~ Surrounded by lush greenery, the property offers a sanctuary of tranquility in your private backyard adorned with towering trees and expansive open patio offering the perfect place to relax after a long day or enjoy summer barbecues with friends and family ~ Escape the Texas sun under your large covered back patio or sip your morning cup of coffee in peace as you watch the gorgeous sunrise from your very own backyard ~ Situated in a prime location, you'll enjoy easy access to the city's vibrant cultural scene, shopping, dining, and top-rated schools ~ It's a community that offers the perfect blend of convenience and charm ~ Just minutes away from a variety of shopping centers, you'll have endless options for indulging in a little retail therapy.
Source: ACTRIS #5991549
Source: ACTRIS #5991549
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #5991549
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.