838 Hamilton Ln, Georgetown, TX 78633
2 beds · 2 baths · 1,624 sqft
Endless upgrades allow this Sun City Texas Steel Creek plan to live large! From the moment you enter the Foyer, you will start to see the differences between this superb home and any others. Off the Foyer, a casual eating area is also a perfect place for games, or a charming sitting area. Then, the amazing Open Kitchen has been completely re-styled with new cabinets, lighting and appliances, while a stunning black back splash adds a dramatic touch. A wonderful new Coffee Bar with storage takes the place of the former Pantry, adding whimsy and delight to your morning brew. Upgraded lighting charms the Dining portion of the Great Room, where high transom windows add rich natural lighting. Tile floors are a perfect backdrop for favorite rugs. Triple-pane windows enhance the Sun Room, where evergreen tree-top views make Colorado come to mind. Off the Sun Room, a Covered Patio is joined by a lower open Terrace forming several spots for outdoor enjoyment. Those same tree-top views repeat in the separated Primary Bedroom, where a trio of windows frame outdoor vistas and a tray ceiling rimmed with crown molding raises the height to nine feet. Meanwhile, more tile updates refresh the ensuite Primary Bath, where a Walk-In Shower joins with the Walk-In Closet and dual vanities for a great new look. At the front of the home, the Guest Bedroom also has a Closet Update, a clever Office-at-Home! More enhancements greet you in the elongated, 26' ft. Two-Car Garage, where central heating and air make the space unique for arts and crafts. A well-placed solar tube adds natural lighting to the work area. Treat yourself to a look at this amazing home, today.
Source: ACTRIS #3981572
Financials
Source: Public records
Source: ACTRIS #3981572
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.