144 Monterey Oak Trl Georgetown, TX 78628
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About this home
Welcome to this stunning 4-bedroom, 3-and one-half bathroom home that was crafted by David Weekley Homes in 2023, combines modern design elements with functional features. 4.99% FHA assumable qualifying mortgage will save you money with a below market interest rate. As you step inside, you'll be greeted by beautiful luxury vinyl plank flooring that leads you into an open floor plan, creating a sense of spaciousness and connectivity throughout the living spaces. The heart of the home is the living area, which integrates the kitchen, dining area, and family room. This open layout is perfect for both casual family gatherings and entertaining guests. The kitchen itself is equipped with modern appliances, ample cabinetry, and a large center island that provides additional counter space and a convenient breakfast bar with seating for four. The house also includes convenient amenities such as a dedicated laundry room, providing functionality and ease in daily tasks. It features 4 generously sized bedrooms, each offering privacy and comfort. The master bedroom includes an en-suite bathroom, complete with an oversized soaking tub, a separate shower, dual vanities, modern fixtures and a large walk-in closet. The remaining three bedrooms are spacious and bright, sharing two additional well-appointed bathrooms. One bedroom has an ensuite full bathroom. Step outside onto the extended patio, an inviting outdoor space that allows for relaxation and entertainment. Whether you're hosting a barbecue, enjoying your morning coffee, or simply soaking up the sun, this extended patio provides room for outdoor furniture and activities. Built with modern construction techniques and energy-efficient materials, this home offers not only style & comfort but also sustainability & cost savings. The open floor plan found in this meticulously well-kept home adds to the functionality and versatility of the property, making it an ideal place to call home. .
Source: ACTRIS #3362083
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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.