120 Schuylerville Dr Elgin, TX 78621
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About this home
Welcome to your dream home! This stunning two-story home is perfectly situated on a desirable corner lot, offering both space and privacy. As you approach, you'll be greeted by a charming covered porch, ideal for enjoying your morning coffee or unwinding in the evening. Step inside to discover an inviting open-concept layout that seamlessly connects the kitchen, dining room, and living room. This spacious design is perfect for entertaining family and friends. On the main floor, you'll also find a dedicated office space, perfect for remote work or study, along with a convenient half bath for guests. Venture upstairs to find three generously sized bedrooms, including a luxurious master suite that serves as your personal retreat. The master bedroom features a spacious layout and an en-suite bathroom, providing a private oasis to relax and recharge. The second floor also includes an additional full bathroom and a versatile loft area, perfect for a playroom, media room, or additional workspace.The laundry room is conveniently located upstairs for easy access. Step outside to the backyard, where a covered patio awaits, providing the perfect setting for outdoor gatherings, barbecues, and watching kids play on the built in play set. Want to get some exercise in? There is also a built in pull up bar! From the backyard, you have an unobstructed view of downtown Austin to view the beautiful Texas sunsets and firework shows on New Year’s or 4th of July! This home combines modern living with thoughtful design, making it the perfect place to create lasting memories. Don’t miss your chance to make this beautiful property your own!
Source: ACTRIS #7833747
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Close stress-free in 45 days, handled start to finish by Roam.
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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.