508 Gemma Dr Liberty Hill, TX 78642
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About this home
Nestled in a tranquil, meticulously maintained neighborhood, this thoughtfully designed home offers the rare combination of togetherness and privacy that growing families crave. The split floor plan places the luxurious owner's suite in its own peaceful wing, while secondary bedrooms occupy the opposite side. Teenagers will love the spacious bonus room above the garage, providing the separation both generations appreciate. Premium Pella windows fill the home with natural light while offering energy efficiency that saves on bills. Dual HVAC zones ensure comfort year-round, and soaring vaulted ceilings amplify the home's sense of space. Rich hardwood floors flow through the main living areas, complemented by an inviting fireplace for cozy evenings and family gatherings. Step outside to an entertainer's dream: an expansive covered patio offers shade for long Texas afternoons, while the fully equipped outdoor kitchen—with sink and refrigerator—keeps hosting effortless. The fenced yard, with privacy screens, creates an intimate backyard sanctuary. Convenience meets community here. You're minutes from the brand-new high school, with direct 183A access for easy downtown Austin commutes. An upcoming Costco and Target within 5 miles add everyday convenience to an already exceptional location. This isn’t just a house—it’s a home designed for real family life, where every detail supports both connection and the personal space everyone needs to thrive.
Source: ACTRIS #3494573
Neighborhood
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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.