232 Big Creek Loop, Hewitt, TX 76643
5 beds · 4 baths · 3,726 sqft
Get a free consultation call with an expert in the mortgage assumption process.
*Assumable VA loan with interest rate below 2.5% **SOLAR HOME: Owners do not have an electric bill for 8-9 months out of the year! (to be paid off at closing by seller)** Welcome to 232 Big Creek, a beautiful home nestled in the heart of Hewitt, Texas. This spacious home features an open floor plan connecting the living room, dining area, and modern kitchen with stainless steel appliances, gas stove top, and granite countertops. The primary bedroom, office and a guest room are conveniently located on the first floor, both with en-suite bathrooms. Two additional bedrooms and two more bathrooms upstairs along with a media and flex room provide ample space for entertaining and guests. A beautifully landscaped backyard with a covered patio, a three-car garage, and solar panels that power the entire home add to the property's appeal. Located just 14 minutes from the city of Waco, this home is in a quiet, friendly neighborhood with no HOA. Enjoy easy access to local schools, parks, and shopping centers, making it perfect for comfortable and convenient living. Schedule a showing today!
Source: NTREIS #224678
Source: NTREIS #224678
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.