1502 Olive St Georgetown, TX 78626
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About this home
ASSUMABLE 3.75% MORTGAGE RATE FOR QUALIFIED VETERANS, call for details. Step into a one-of-a-kind craftsman-style bungalow that perfectly blends historical charm with modern luxury. Built in 1926 by renowned local builder C.S. Belford, this architectural gem sits gracefully on a corner lot in the heart of Old Town Georgetown. From the moment you arrive, the welcoming front porch invites you to relax and enjoy the tree-lined street where neighbors stroll by with their dogs. Or start your morning in the sunroom, where natural light fills the space with warmth and tranquility. Inside, the home is rich with original character—stunning stained glass windows, longleaf pine floors, and meticulously preserved woodwork transport you back in time. Thoughtful details, including period-style hardware and elegant designer touches, honor the home’s heritage while adding modern comfort. The gourmet kitchen is a dream for any chef, flowing into a gracious dining room ideal for hosting memorable gatherings. Just a short stroll away, you’ll find yourself on the “Most Beautiful Town Square in Texas,” filled with fine dining, boutique shopping, and vibrant community events. Enjoy cultural experiences at Southwestern University just three blocks away, or explore the award-winning local library and history museum. With quick access to I-35, 130 Toll Road, and Wolf Ranch Shopping Center, every convenience is close at hand. Walk to the neighborhood park or elementary school, and enjoy seamless travel with Austin-Bergstrom International Airport less than 30 miles away. Don’t miss this rare opportunity to own a piece of Georgetown’s living history—a timeless treasure where past and present meet.
Source: ACTRIS #8462936
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Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.