509 Fair Oaks Dr, Georgetown, TX 78628
3 beds · 3 baths · 2,574 sqft
Tucked away in the scenic master-planned community of Water Oaks at San Gabriel, this 3 bedroom home with an office offers stunning Hill Country views. Showcasing a 50+-year-old majestic oak in the front yard, this is a home to remember. Upon entry, find a dramatic extended foyer with soaring high ceilings and a grand rotunda serving as a focal point. With 3 generously sized bedrooms, a game room, & a study there's plenty of room for everyone to relax and enjoy their own space. The versatile office with double doors could easily become the home gym or craft room you’ve always wanted. Immerse yourself in top-of-the-line appliances including double wall ovens and a large walk-in pantry. Whether you are winding down after a busy day or hosting a gathering of friends, the open concept of the kitchen, living, and dining rooms creates an inclusive and intimate setting everyone is sure to enjoy. The spa-like en suite boasts a glass-enclosed mud-set shower with an amazing “Sex in the City” walk-in closet connecting to the laundry. Whether it's a summer barbecue or a casual brunch with friends, the outdoor kitchen and covered patio are designed for every occasion. The outdoor kitchen is equipped with a built-in grill, Big Green Egg, mini fridge, and ample counter and storage space. A quick 5 minute drive from H-E-B plus!, Costco, and Wolf Ranch Town Center. Enjoy nearby San Gabriel River and Historic Georgetown Square with its charming array of shopping & dining experiences. Water Oak amenities include miles of interconnected nature trails, a community pool, clubhouse, pocket parks, and a dog park. Enjoy easy access to I-35, and Toll-183 for a quick commute anywhere in Austin. Assumable 2.75% VA -does NOT need to be Veteran.
Source: ACTRIS #7482859
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 #7482859
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 of Equal Opportunity Act.