822 Hermitage Dr, Austin, TX 78753
4 beds · 2 baths · 1,872 sqft
Welcome to 822 Hermitage Drive, Austin, Texas, a haven of tranquility and comfort set in a vibrant and accessible neighborhood. Envision yourself in this exceptional four-bed, two-bath home. Imagine stepping into your own personal outdoor living space, featuring a high-quality, maintenance-free Trex™ deck, complete with a swim spa, outdoor kitchen and two covered dining areas. It's perfect for enjoying your morning coffee or winding down in the evening, with the added luxury of no rear neighbors to disturb your peace. A true oasis, perfect for hosting memorable gatherings or simply enjoying quiet moments. This home delivers on its promise of an exceptional living experience with a built-in bar inside, and an open concept living/dining area. It's an entertainer's dream come true, with ample parking for guests and several spots to unwind in your own quiet setting. The proof is in the meticulous details. Enjoy granite countertops throughout, top-tier energy-efficient windows (making it quieter inside) and a brand-new roof installed in 2023, ensuring durability and style. The expansive primary bedroom offers a well-appointed master bathroom, and private doors leading to the driveway and backyard, promising a touch of luxury, convenience and privacy. Your new home isn't the only star here; it's also the location! Nestled in a heavily treed, low-traffic neighborhood, Heritage Hills offers quick access to major roads, making your commute a breeze and, with the airport just 20 minutes away, your travel plans or house guests are always within reach. Finally, it's time to push you to take the next step. Don't miss out on this opportunity to own a piece of Austin's real estate. This home is more than just a place to live; it's a lifestyle. Experience the perfect blend of relaxation and convenience at 822 Hermitage Drive. Your dream home awaits! Call to schedule a showing.
Source: ACTRIS #7396308
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #7396308
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “Get Notified” 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 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.
MLS ID: #7396308
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.