301 Drystone Trl, Liberty Hill, TX 78642
4 beds · 2 baths · 1,835 sqft
New HVAC & roof in 2023! Welcome to Stonewall Ranch in Liberty Hill! This charming single-story home has the perfect blend of comfort and convenience. With four bedrooms, two bathrooms, and a spacious, open floor plan, it’s designed for easy living and entertaining. The large living room is great for hanging out with family and friends. One of the highlights of this home is the beautiful Texas limestone exterior – it really adds to the curb appeal. Out back, you’ll find an extra-large covered patio, perfect for relaxing and enjoying those amazing Texas sunsets with no neighbors behind for extra privacy. The roof and HVAC were both recently replaced in 2023, giving you added peace of mind. Plus, the washer, dryer, and refrigerator are all negotiable – a great bonus for the new homeowner! Living in Stonewall Ranch also means enjoying fantastic community amenities, including a sparkling pool, playground, pavilion, and regular social events that bring neighbors together. It’s a great place to make new friends and enjoy a sense of community. The location couldn’t be better! You’re just a short walk from Bill Burden Elementary School in the highly sought-after Liberty Hill ISD. Plus, the new Costco, Target, and the 183A Toll Road extension are just minutes away, making your commute to Austin super easy. Liberty Hill has that small-town charm with a rich history, local festivals, farmers markets, unique boutiques, and family-owned restaurants. You’ll love the welcoming atmosphere and laid-back vibe. This home is move-in ready and waiting for you! Reach out to schedule a showing – you won’t want to miss it!
Source: ACTRIS #8824668
Send questions to support@withroam.com
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: ACTRIS #8824668
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 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 of Equal Opportunity Act.