182 Mckittrick Ridge St, Dripping Springs, TX 78620
3 beds · 3 baths · 1,637 sqft
LOCATION. LOCATION. LOCATION. This charming 3-bedroom, 2.5-bathroom home is perfectly situated in the heart of Dripping Springs, offering the best in convenience and comfort. Enjoy the ease of having groceries, restaurants, retail stores, and various services all within a 2-mile radius. The community amenities, including a refreshing pool, splash pad, and playground, are just a short walk away, as is the beautiful Dripping Springs Founder’s Park. Families will appreciate the highly regarded Dripping Springs ISD schools nearby. Step inside to an inviting, spacious open floor plan bathed in natural light. Beautiful vinyl flooring flows seamlessly throughout the main living areas, creating a modern, cohesive look. Recessed lighting adds an extra touch of elegance, and the practical mudroom features hooks, storage nooks, and an electric outlet, offering everyday functionality. A convenient powder room is also located on the main floor for added convenience. Upstairs, the large primary suite is a true retreat, featuring a ceiling fan, walk-in closet with built-in shelves, and a bright, airy bathroom complete with a walk-in shower. The secondary bedrooms are generously sized and offer plush carpeting, while the well-appointed bathroom includes a tiled shower/tub combo. This home has been pristinely maintained and is move-in ready. The refrigerator, washer, and dryer are included in the sale, making it even easier to settle in and start enjoying your new home. Don't miss the opportunity to experience this incredible location and thoughtfully designed home!
Source: ACTRIS #2381452
Financials
Source: ACTRIS #2381452
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.