402 COLTHORPE LN, Hutto, TX 78634
BOOM! BACK ON THE MARKET! What a deal! The house was only built in 2020. Built by Gehan Homes. 4 bedrooms with 2 full bathrooms.When you enter the house you are greeted by the perfect hallway that takes you anywere in the house.The living room, dining room and kitchen communicate with each other. This spacious and beautiful design allows you the opportunity to entertain your guests, while cooking something delicious in the huge kitchen. The countertops are quartz. Beautiful chandeliers illuminate the kitchen. Each cabinet and drawer has handles and knobs. This house looks like a model home, the owners have taken very good care of it and have implemented changes that highlight the beauty of this house even more. Natural light illuminates the house.The main bedroom is light-filled, large bedroom with a spacious bathroom, which has a plus/shower, enough space for a dressing room, two sinks and a walk-in closet. The walk-in closet has a door that leads to the laundry room. The other three bedrooms are spacious with spacious closets. You can use one of them for a home office and still have 3 other bedrooms. The laundry room is more than perfect. Huge backyard, ready for you to make your dreams come true. You can built a swimming pool, enourmous playground, even a soccer field... the limit is your imagination! Park is near the home, wide streets, beautiful elevation on the façade with two pillars. The exterior is partially covered in brick. The perfect house for anyone!! Don't wait any longer and come call us for your private tour.
You may be able to put down less than the total down payment amount of $110,115 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: #1237700