203 Hanstrom Dr, Hutto, TX 78634
4 beds · 3 baths · 2,487 sqft
QUALIFYING ASSUMABLE 2.25% FHA LOAN! Refreshingly renovated and ready for you! The foyer greets you with high ceilings and a flex space that can function as an office, formal dining or 2nd living area. Searching for storage? This home has great closet space! You will love the laundry room space with cabinets and a counter! 4th bedroom upstairs has been utilized as a media room. All media equipment conveys. The tech in the media room was updated this year so it's now just plug and go. It is also works with hdmi and includes a recently installed surround sound tuner. Family room with wood burning fireplace featuring a newly installed mantle is open to the amazing kitchen. Main floor makeover done in 2021 and includes: easy to maintain vinyl plank flooring, lower kitchen cabinets, iconic white quartz countertops, black granite single bowl sink, backsplash, GE Profile dishwasher, GE Profile Induction/Convection Smart Range (wifi controls), Hauslane 500 CFM Range Hood and lighting. Cozy, covered back patio with a porch swing! Shed conveys. Lots of trees provide shade and some privacy. Greenbelt across back fence line between rear neighbors for added privacy. HVAC was replaced in March 2021. Roof Shingles replaced in 2017. Garage door and garage door opener with wifi controls installed October 2024. Foundation repair with lifetime transferrable warranty completed 2022. Underground irrigation system installed 2022. In near proximity to Hutto Co-Op District, Kalahari Resort, 130 toll, HEB, schools and more.
Source: ACTRIS #6123197
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #6123197
Source: Public records
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: #6123197
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.