Located in popular Sonterra West, this two-story home at 209 Ibis Falls Loop offers 4 bedrooms, 2.5 baths, a dedicated office that can function as a fifth bedroom, and 2,430 square feet on a .12-acre lot. The first floor includes the primary suite and an open kitchen with a granite island, reverse osmosis system, and whole-home water softener and filtration. The living area connects directly to the backyard, which includes a covered patio designed for outdoor use. The second floor features an extra large gameroom that supports multiple layout options. Solar panels provide energy efficiency, and a sprinkler system supports yard maintenance. The two-car garage adds parking and storage convenience, and the 2019 construction reflects current building styles. The layout supports a range of household needs, including work-from-home space, guest accommodations, or multigenerational arrangements. The open kitchen and main living area provide centralized gathering space, while the upstairs gameroom offers separation for media, gaming, or study use. The home sits within Jarrell ISD and offers access to community features within Sonterra, including parks, trails, and pools. Nearby retail, food options, and essential services in Jarrell and surrounding developments support daily needs. The location provides easy access to SH-130, allowing efficient travel toward Georgetown, Round Rock, Austin, and the greater I-35 corridor. Proximity to the Samsung facilities in Taylor creates commuting flexibility for employees or contractors connected to the ongoing expansion in that area. This property combines practical interior design, energy-efficient systems, and location advantages tied to regional growth, transportation routes, and employment centers. All information has been verified. Buyer to verify all information.
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.
