242 FREEMAN LOOP, Liberty Hill, TX 78642
Your new home with water view features 3 large bedrooms, 2.5 bathrooms, a spacious office or the option of a fourth bedroom, and an additional living/entertaining space on the second floor. This home has tons of upgrades such as top-tier gourmet kitchen appliances, a rocked-out island, wood bean with designer pendants, under cabinet lighting, security cameras, an extended stone patio and so much more. Upon entry, be embraced by a luminous and expansive living area, with 19-foot ceilings and a large wall of windows, allowing natural light through. The open floor plan effortlessly connects the living room, dining area, and chef's kitchen, creating an ideal setting for entertainment. The master suite offers a peaceful retreat after a long day. With its spacious layout, luxury tiling, and en suite bathroom, this master suite provides the perfect space for relaxation and rejuvenation. Additional highlights include a convenient attic for extra storage, a serene lake steps away, and tons of amenities such as three resort-style pools, cabanas, splash pads, a gym, a pickleball court, a dog park, social events, and so much more. Whether indulging in scenic views, fishing with friends and family, or strolls around the lake, this home fosters a connection with nature and serenity. Your new home is minutes away from premier schools, including the new San Gabriel Elementary School. With proximity to parks and camps like Gary's Park, San Gabriel Park, and Tejas Camp which offers opportunities for outdoor activities and picnics. Enjoy the convenience of being less than a mile from Ronald Reagan Boulevard and just 3 miles from HEB, banks, Torchy’s Tacos, and various shops and restaurants at Bar W Ranch Shopping Center. Enjoy living 11 miles from Wolf Ranch Shopping Center, where you’ll find Natural Grocers, Target, restaurants, and a local farmers market. Downtown Liberty Hill’s shopping and dining is only 9 miles away. (All distances are approximate.)
You may be able to put down less than the total down payment amount of $239,077 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
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: #1442364