5537 Hollow Loop Salado, TX 76571
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About this home
Welcome to Hollow Ranch, an exceptional home with pool in the heart of Salado ISD and minutes to Stillhouse lake, offering modern elegance on a spacious half-acre lot. Built in 2021, this 2,354 sq ft residence combines luxury finishes with thoughtful design, featuring 3 bedrooms, 2.5 bathrooms, plus a dedicated office—ideal for today’s lifestyle. As you look up sidewalk you will see the stunning Durango steel door! Step inside to find soaring 8-foot doors throughout, a welcoming open floor plan, and custom touches such as a gas fireplace, surround sound wiring, and security system. The gourmet kitchen is a chef’s dream, showcasing quartz countertops, a gas cooktop, and abundant cabinetry with seamless flow into the dining and living areas. The primary suite offers a spa-like retreat with a walk-in shower/rain head, soaking tub, and dual vanities. Secondary bedrooms are generously sized with private baths, ensuring comfort for family or guests. Outdoors, enjoy your private backyard oasis complete with a resort-style swimming pool and waterfall, perfect for entertaining or relaxing at sunset. The large, covered patio provides plenty of space for gatherings as well as a wood fireplace. A 3-car garage adds convenience and storage. (full size truck fits!) Located in a quiet loop, this property offers the best of small-town charm with easy access to I-35, dining, shopping, golf, BBQ and Texas concerts near historic downtown Salado. Don’t miss this rare opportunity to own a move-in ready home with luxury upgrades in one of Central Texas’s most desirable communities! A round of golf during day and relax at home in the pool as you watch the Texas size sunset!
Source: CENTRALTEXAS #592678
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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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