202 CYRIL DR, Hutto, TX 78634
Welcome to your dream home! This stunning 3-bedroom, 2-bathroom property offers a perfect blend of comfort and modern living in the heart of Hutto. The moment you step inside, you'll be captivated by the open and spacious floor plan, designed to accommodate both family living and entertaining with ease. The centerpiece of this home is the amazing chef's kitchen, featuring a large island that's perfect for meal prep, casual dining, or gathering with friends and family. Ample counter space and stylish cabinetry complete this culinary haven, making it a true delight for any home cook. Step outside to your backyard oasis, where you'll find plenty of space for entertaining and hosting unforgettable grilling sessions. Whether you're enjoying a quiet evening under the stars or a lively barbecue with friends, this backyard is sure to become your favorite retreat. Additionally, discover the versatile work shed, the ideal location for all your working needs. Equipped with electricity, this dedicated space is perfect for hobbyists, DIY enthusiasts, or anyone in need of a quiet home office. It offers the perfect environment to focus and create. As an added BONUS, this home comes with an amazing feature: an FHA ASSUMABLE 4.25% loan! Take advantage of this incredible opportunity for significant savings on your mortgage. Please ask your agent for more information! Hutto is rapidly becoming one of the most sought-after communities near Austin. With convenient access to Highway 79 and SH 130, this home offers an ideal location for easy travel in and out of town. Featuring exquisite design, stunning finishes, and a prime location, this home is a true gem that won’t be on the market for long. Don’t miss out on the opportunity to make this exceptional Hutto property yours. Schedule a home tour today!
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: #4845425