501 American Ave Liberty Hill, TX 78642
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About this home
2.75% assumable mortgage available to qualified veteran. Beautifully Maintained Home with Smart Features in a Growing Liberty Hill Community. Step into comfort and convenience in this well-cared-for home, featuring stylish laminate flooring throughout, elegant granite countertops, and spacious closets in every room. The open, light-filled layout is both functional and welcoming—ideal for everyday living and entertaining alike. Smart home upgrades include a Ring doorbell, security cameras, and a full sprinkler system to keep your lawn looking its best. The kitchen is equipped with a reverse osmosis water filter and a whole-home water refiner system that filters and softens your water—perfect for modern, health-conscious living. All appliances convey, including the refrigerator, washer, and dryer, making this home truly move-in ready. Located in a vibrant community within the City of Liberty Hill voting district, this neighborhood offers exceptional amenities for residents of all ages: pool, basketball court, playground, scenic ponds, and miles of walking pathways. Even more exciting—Liberty Hill is growing. A new shopping district is set to open nearby in December 2025, bringing retail and dining even closer to home. The city is also actively working on plans for an additional signalized intersection along HWY 29, improving safety and access for neighborhood residents. This home offers not just a place to live, but a lifestyle of comfort, connection, and future-forward convenience in one of the fastest-growing areas of Central Texas.
Source: ACTRIS #7240782
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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.