217 Frederick Dr Georgetown, TX 78626
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About this home
Note: o Buyer Incentives: - Seller will provide a $3000 carpet allowance. - Use our preferred mortgage lender (Fairway mortgage) and get 1% credit toward closing costs (see attached flyer). This 5 year old home is located just off Westinghouse RD with convenient access to main thoroughfares, 2.7 miles to Texas 130 and 3.6 miles to I-35. It's 3.3 miles to Teravista Golf Club, 4.4 miles to Round Rock Premium Outlets, Cinemark Round Rock 14 movie theater and numerous restaurants. And it is 5.2 miles to St. David's Georgetown Hospital. Upgrades consist of: Front Porch swing (2021), extended the back patio to 25' x 19' (2021), added dining room wood accents and light fixture (2022), upgraded kitchen faucet and cabinet handles (2022), repainted home interior (2025), replaced flooring (2025) and replaced roof (2025). A small section of the upstairs loft was walled in to create a small home office/study area, creating a unique and enjoyable private space. There is a lot of cabinet space in the kitchen, and along with the walk-in pantry, an abundance of space for food and dish storage. The large granite island provides a convenient space for a quick breakfast and, along with the extensive granite kitchen counters, there is plenty of space for meal prep. The recessed lighting in the kitchen provides ample light while still leaving the space open and airy. The laundry room is upstairs as are all the bedrooms, so doing the laundry is super convenient. The back yard faces East, so the large extended back patio has evening shade, perfect for relaxing or entertaining in the evenings. The garage was used exclusively for exercise equipment, so the garage floor will look brand new when the exercise flooring is removed. Note: All flooring, equipment and mirrors in the garage do not convey. Fairhaven amenities include a pool, playground, covered pavilion with picnic tables and grill, pickle ball courts and walking/jogging trails.
Source: ACTRIS #1847504
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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.
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