118 Floating Leaf Dr Hutto, TX 78634
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About this home
** ASSUMABLE 3.88% LOAN** **This property qualifies for the HOPE program which is no down payment, no origination fees, no PMI** Welcome to 118 Floating Leaf Dr, a spacious and versatile 7-bedroom, 3.5-bath home plus a dedicated office, located in the sought-after Creek Bend community in Hutto. Built in 2006 and offering 4,078 square feet of living space on a 0.18-acre lot, this two-story home is perfect for larger families, multi-generational living, remote professionals, or investors. The functional layout features the primary bedroom on the main floor, a large living area, a dedicated office, a generous upstairs flex space, and 6 bedrooms upstairs. Enjoy added privacy with no neighbors behind, along with a fully fenced backyard and covered front porch and backyard deck for relaxing or entertaining. It is a quick walk to the community pool and park. The home also includes a 2-car attached garage and ample interior storage. Currently operating as a short-term rental (STR), the property can be sold fully furnished and turn-key, offering a great opportunity for investors or those looking for a move-in ready home. STR performance data is available upon request. Located just minutes from SH-130 and Hwy 79, this home offers easy access to local schools, shopping, and major employers. HOA dues are a low $110 quarterly. Whether you're looking for a forever home or a high-performing investment, 118 Floating Leaf Dr offers the space, flexibility, and convenience to fit your needs.
Source: ACTRIS #2968174
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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.