404 ROAMING DR, Hutto, TX 78634
Welcome to your charming 3-bedroom, 2-bath home in Hutto's master-planned Brooklands community, 13 minutes to Samsung Semiconductor, and offering an assumable 3.375% FHA loan. Upon entering, you are greeted by an elegant rotunda and a huge private office that can accommodate two desks. Moving through the home, the spacious living areas feature stunning wood flooring, complemented by plush carpeting in the bedrooms, office, and bonus room. The gourmet kitchen is a chef's delight, featuring a large Silestone island with quartz countertops, 42-inch white cabinets, and stainless steel appliances. The open floor plan includes a large dining area leading to the family room. The adjacent flex room is perfect as a game room, hobby room, or second office. The primary bedroom suite is a true retreat, with a bay window providing additional space for a reading nook or home gym. The primary bathroom boasts a luxurious soaker tub, double vanities, and an expansive master closet. Rounding out the home are two large secondary bedrooms, a bath, and a laundry room with a fridge plug to take advantage of bulk shopping at HEB and Costco, located 6 & 10 minutes away, respectively. Outside, you'll find a sizable covered patio with afternoon shade overlooking the pool-sized yard. At nearly 1/5 acre, this is one of the largest lots in the community and has room to spare for gardening, playscape, and more. With 130 Tollway and US-79 minutes away, getting to Austin and the surrounding areas is a breeze. Shopping, dining, and medical care in the Stonehill Town Center area are all within a 10-15 minute drive of your new home, one of the larger homes in the neighborhood. When it is time for fun, you will find Dell Diamond, Typhoon Texas, and the 65-acre Hutto Park at Brushy Creek, including an amphitheater nearby. You'll never be at a loss for things to see and do in your new home!
You may be able to put down less than the total down payment amount of $151,147 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: #2690376
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.