822 Hermitage Dr
Austin, TX 78753
4 beds · 2 baths · 1,872 sqft
$425,000
Get prequalifiedAbout this home
Welcome to 822 Hermitage Dr, Austin, Texas, a one story, 4-bedroom, 2-bathroom haven designed for comfort and entertainment. This home has high-end oversized energy-efficient windows, granite countertops, and a 2023 roof. The primary bedroom is luxuriously large, featuring a cathedral ceiling and private doors leading to the backyard and carport. The spacious bathroom has a soaking tub and separate shower with natural light pouring in. (NO HOA) The galley kitchen is well-appointed, with stainless steel appliances, a gas range, plenty of cabinet space and a convenient walk-in pantry. The built-in bar and dining area are perfect for guests, and the floor plan allows for good flow when friends come to call. Light wood floors keep the home natural and cozy. Step outside to a private backyard oasis, complete with a Trex deck, outdoor kitchen and swim spa (Swim Spa delivers outstanding therapeutic benefits, combining powerful hydrotherapy seats and illuminated river jets to ease muscle tension or, entertaining). Best of all, there are no rear neighbors to disturb you! Find tranquility in several relaxation spots throughout the property. Located in a low-traffic neighborhood, this home offers quick access to major roads and is less than 20 minutes from the airport. Enjoy the convenience of ample parking space for guests. This is not just a house, but an entertainer’s dream home waiting for you to create memories. The two-car garage is located up front, creating another level of privacy from the street. Need more parking or storage? Just look to the right of the house for a covered workshop/private BBQ area or hidden patio. Come see if this beautifully laid out home is your next paradise. 822 Hermitage Dr - where luxury meets comfort - is ready for a new owner. Will it be YOU?
Source: ACTRIS #3394763
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.