505 Olsen Ct, Liberty Hill, TX 78642
5 beds · 4 baths · 3,198 sqft
In the Estates of Northgate, this gorgeous home stands out - it’s essentially a single-story situated on a beautiful acre of land and nestled in a quiet cul de sac with the very best neighbors. The main level showcases the primary suite, 2 additional bedrooms and an office, while upstairs offers a private game room, extra bedroom, and full bathroom—perfect for guests or whatever suits your lifestyle. From the moment you walk in, the open-concept design pulls you close. The living room is bright and inviting, with a beamed ceiling, a fireplace, and windows that bring in the kind of natural light that makes everything feel warm and welcoming. The kitchen is designed to keep up, featuring a massive wraparound island with a breakfast bar, quartz countertops, a gas cooktop, double ovens, and plenty of room for everyone to gather. Whether you're throwing together a quick meal or playing host for the night, this space is up for anything. The main level primary suite is its own getaway, with a wall of windows, built out walk-in closet, and an ensuite bath with separate vanities, a soaking tub, and a walk-in shower that makes mornings (or evenings) just a little better. The secondary bedrooms and bathrooms don’t skimp on space either, making sure everyone has a comfortable spot to call their own. Step outside, and the backyard is set up for fun. The covered patio, complete with a built-in grill, is perfect for weekend cookouts. But the real bonus? The two fenced-in areas that are waiting for you to decide how to personalize them—fire pit, cowboy pool, garden, dog run, or your own outdoor escape. Upgrades are everywhere, from stylish pendant lighting and cabinet hardware to Husky storage in the garage, a basketball hoop, fresh sod, and extra sprinklers to keep the landscape looking its best. Add in wood shutters, roman shades, and a location in rapidly growing Liberty Hill, and you’ve got a home that’s not just easy to live in—it’s a place you want to call home.
Source: ACTRIS #4003589
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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 #4003589
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.
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