4209 MERCER RD, Georgetown, TX 78628
Just starting out, starting over or downsizing? Don't wait to build! 4209 Mercer Road is move-in ready with plenty of custom upgrades and an incredible floor plan featuring 4 bedrooms PLUS a dedicated home office and 3 full baths. Inside you'll be greeted by soaring 12 foot ceilings and an open floor plan that connects the living room, kitchen, and dining areas. The kitchen features a gas range with a center island, farmhouse sink and plenty of cabinet and counter space. Large windows flood the space with natural light and custom plantation shutters that have been added throughout the home. The lighting and ceiling fans have been upgraded as well. The owner's suite has lovely views of the backyard, with the attached bath showcasing a walk-in shower, dual vanities, and a large walk-in closet. One of the best things about this floor plan is that there are no shared walls between any of the 4 bedrooms. The second bedroom with its own attached bath is perfect for multi-generation living. The 3rd and 4th bedrooms conveniently adjoin a double vanity bathroom. In addition to the 4 bedrooms, there is a dedicated office with glass French doors that could be used as a 5th bedroom, play room or second living space if desired. Another standout feature is the extended back patio. The appliances, including water softener, and outdoor TV can convey. A 3 car tandem garage, mudroom, oversized laundry room with room for a refrigerator or freezer and a walk in pantry round out the long list of features that make this home so livable. Wolf Ranch has two amenity centers: The Hilltop offers residents beautiful poolside views, playground, indoor lounge, and covered outdoor patio overlooking the San Gabriel River. The brand new River Camp center boasts an indoor fitness center, event hall, patio, large leisure pool with lounging, splash pad, and event lawn. HOA dues also cover security monitoring through Home Pro. Close to dining, medical, retail and the brand new HEB. Georgetown ISD.
You may be able to put down less than the total down payment amount of $313,207 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: #7290017