242 Freeman Loop, Liberty Hill, TX 78642
3 beds · 3 baths · 2,442 sqft
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.)
Source: ACTRIS #1442364
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #1442364
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: #1442364
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.