Welcome to this excellently maintained 3-bedroom, 2.5-bath home in the highly favored Georgetown Village community, offering a perfect blend of comfort, style, and functionality. The bright, open layout features soaring ceilings, updated vinyl plank flooring, and oversized rear windows that fill the main living area with warmth and natural light. A cozy fireplace creates an inviting focal point for relaxing or gathering with friends and family. Two dining spaces provide flexibility for everyday meals, entertaining, a home office setup, or more. The kitchen is both practical and welcoming, complete with under-cabinet lighting, a breakfast nook, and an open view to the family room for easy connection. Upstairs, the spacious primary suite offers a peaceful retreat with dual vanities, a soaking tub, and a generous walk-in closet. Two additional bedrooms and a full bath provide plenty of room for family or guests. Step out back to enjoy the large, covered patio, perfect for morning coffee, afternoon play, or quiet nights. The shaded backyard includes a storage shed for added convenience. The 3-car tandem garage is ideal for extra parking, hobbies, or a workshop and includes a mini-split system for year-round comfort. Just out front, you'll find a 2 acre park, as well as many pocket parks scattered throughout the neighborhood. Enjoy other neighborhood amenities as well, such as the community pool, playground, walking/biking trails, and schools nearby. Conveniently located near Downtown Georgetown, which offers shopping, dining, and entertainment. Just a 10 minute drive from Lake Georgetown and I-35, you'll have easy access to many other close by amenities. This home delivers space, privacy, and everyday convenience in one fantastic package, it surely won't last long!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
