105 Hollygrove Dr Hewitt, TX 76643
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About this home
Welcome Home to the warmth and grace of this beautiful opportunity to assume a mortgage rate at 2.75% and have a home with every needed space and delightful functionality. Walking through the front door, immediately the spacious dining room on the left brings to mind family dinners. Further in, the entire space opens to a great room with fireplace, a bright and cheerful breakfast room, and all anchored by a kitchen with light cabinetry, an island with bar top counter that hides last minute dishes in the sink, and ample counter space. The refrigerator conveys providing a complete appliance package. Towards the garage is the laundry room and washer and dryer that also convey, built in coat hooks and cubbies for catching back packs and jackets when coming in from the garage for the day, and don't miss a very large, walk in pantry with loads of shelving. The primary bedroom access is off the great room area and isolated and cosy. Tray ceilings amplify the height and add interest. In the primary bath the shower is private and two sinks are perfectly divided by drawers giving two people their own space. The primary walk in closet is just past the deep soaking, jetted, tub and has a full unit of drawers to compliment all the hanging space. Downstairs is completed with a perfectly sized guest bedroom, beautiful and warm hall bath, and an office space tucked away in the back of the home. This back room also has a full closet so it could easily be used as a 5th bedroom. Upstairs is the most fun. Immediately at the top of the stairs to the right, don't miss the perfectly designed bath as you pause to appreciate the hangout landing large enough to set up kids homework and or gaming area. The first bedroom is large and bright with a big walk in closet. But the second bedroom is the gem. Big enough to share and yet still feel private AND have nooks to delight the imagination. Storage behind almost every door. And happily, the large back yard comes complete with patio fire pit.
Source: NTREIS #21086541
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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.