1104 Scenic Oaks Dr Georgetown, TX 78628
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About this home
VA Assumable Loan at 4.39% | $0 Down | Non-Veterans Welcome! Former Model Home with Over $363,000 in Designer Upgrades Located in the coveted Hidden Oaks at Berry community, this stunning 5-bedroom, 4.5-bathroom, 3,875 sq ft former model home offers turnkey luxury living and move-in ready. Take advantage of a fully assumable VA loan with NO PMI—available to both veterans and non-veterans—with only 26 years remaining on the mortgage, offering instant equity, locked-in savings, and access to five-star amenities. Step inside to a grand entry featuring tray ceilings and a wrought-iron staircase. The open living area centers around a dramatic stone fireplace, rich wood flooring, and custom built-ins throughout. The gourmet chef’s kitchen boasts an expansive island, extended counters, custom cabinetry, and premium stainless steel appliances, perfect for entertaining and everyday comfort. The lavish primary suite offers a spa-style bath and private access to the backyard. Additional highlights include a main-level guest suite, an upstairs loft/game room, and flexible living spaces tailored to your lifestyle. Premium finishes are continued with wood flooring throughout the home and primary bedroom, plush carpeting in the secondary bedrooms, and a fully fenced, private yard designed for relaxation and privacy. Residents of Hidden Oaks enjoy resort-style amenities including an 18-hole golf course, sparkling pool, tennis courts, a fitness center, and a vibrant, lifestyle-driven community atmosphere. Schedule your private tour today!
Source: ACTRIS #9689109
Neighborhood
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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.