402 San Gabriel Blvd, Georgetown, TX 78628
3 beds · 2 baths · 1,870 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Bright, open, and move-in ready single-family home just minutes from the heart of Georgetown! Thoughtfully updated while honoring its 1970s roots, this home strikes a beautiful balance between vintage character and fresh, functional living. Step inside to find vaulted ceilings with exposed beams, modern flooring throughout, and a stunning stone wood-burning fireplace that anchors the spacious living room. The updated kitchen is an entertainer’s dream—featuring quartz countertops, a subway tile backsplash, stainless steel appliances, upgraded cabinetry, and a breakfast bar perfect for gathering. The magic continues out back, where a truly spectacular 200+ year-old Texas live oak tree steals the show. The serene backyard backs directly to wooded land—no rear neighbors—offering unmatched privacy and a daily connection to nature, with deer and birds as your frequent visitors. A large screened-in porch and shed add function and flexibility to this outdoor oasis. Inside, the reimagined laundry room offers tons of storage, making life a little more organized and a lot more convenient. Located just a short drive to downtown Georgetown and with easy access to IH-35, this home is close to highly rated schools and all the amenities you need—without the constraints of an HOA. The low tax rate is a bonus! Recent Improvements: HVAC replaced in August 2024, Roof replaced in August 2021, Water heater installed November 2021, Garage door opener replaced September 2021 and the garage door spring was replaced in 2024, and Trees were professionally trimmed March 2025. Don’t miss the opportunity to own this one-of-a-kind property that celebrates the best of Texas living—heritage, nature, and home.
Source: ACTRIS #9689465
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: ACTRIS #9689465
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.
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.
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.