Built in 2024, 150 Seattle Slew Drive, Jarrell, TX is a sight to behold. Listed at $385,000, this spacious and serene home is a haven of modern comfort and style. This inviting home boasts 2,284 square feet of living space with an open first story floor plan that seamlessly connects the spacious living, dining room, and kitchen. The heart of the house is undoubtedly the large kitchen, complete with ample storage and workspace for all your culinary adventures. The property features four bedrooms, three bathrooms, and dual living rooms, each space is designed to provide a relaxing retreat from daily life. Each bedroom comes equipped with plenty of closets providing plenty of storage space. Adding to the convenience of this remarkable home is the second story laundry featuring a side-by-side washer and dryer setup. This expansive home features tranquil space for everyone from the 3 car garage to the spacious backyard and front and back patios, there really is somewhere for everyone! Jarrell, TX itself is a welcoming town that offers various amenities for residents. Enjoy access to parks, shopping centers, restaurants, recreational facilities, schools, healthcare facilities and much more - all within easy reach. Furthermore, it's conveniently located near major highways making commuting or exploring other parts of Texas a breeze. This property offers a blend of comfort and modernity in a tranquil setting – perfect for anyone seeking a peaceful yet convenient lifestyle in Jarrell, TX. Whether you're looking for your first home or planning to relocate to a vibrant community like Jarrell - 150 Seattle Slew Drive could just be the dream home you've been waiting for.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
