VA loan
1 of 29
VA loan
$429,000

2511 Jacqueline Dr, Leander, TX 78641

4 beds · 3 baths · sqft

Spacious 4-Bedroom, 2.5-Bathroom Home on a Prime Corner Lot in Block House Community Welcome to this beautifully maintained 4-bedroom, 2.5-bathroom home offering 2,265 square feet of living space. Located in the highly sought-after Block House community, this home is situated on a desirable corner lot with privacy and convenience. With close proximity to Costco and easy access to the 183 toll road, you'll enjoy both comfort and convenience. **Key Features:** - Generous Primary Suite: This large, tranquil retreat features elegant tray ceilings and a spacious en suite bathroom with a dual vanity, a soaking tub, and a separate shower – the perfect space to unwind and relax. - Open Floor Plan: The bright and airy living areas create an inviting atmosphere, ideal for both everyday living and entertaining. The flow from the living room to the dining area and kitchen makes it easy to host gatherings or enjoy quiet family time. - **Private Backing to Park**: One of the standout features of this property is its location – backing directly to a large park, offering unmatched privacy and a serene outdoor environment. Enjoy walking, picnicking, and recreation right in your backyard. - Modern Kitchen & Recent Upgrades: The kitchen is equipped with sleek, modern appliances, and a brand-new stainless steel double-door refrigerator has just been installed. It's a perfect space for meal prep and entertaining. - Expansive Outdoor Patio: A large concrete patio extends your living space outdoors, providing an ideal area for dining, relaxing, or hosting guests. - 2-Car Garage: This home also includes a spacious 2-car garage, providing ample storage and parking space. With its desirable location, generous square footage, and a peaceful park setting behind it, this home offers the perfect blend of convenience and tranquility. Don't miss the opportunity to make this stunning property yours!

Estimated
Seller's interest rate
4%
7%
Estimated
Principal & interest
$2,027/mo.
$2,786
You may also save up to $256,457 in total interest paid.
Listing price
$429,000

Your cash down payment
$18,185
Seller’s estimated current equity is $18,185
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $2,027 monthly payment

Financed
$410,814
Assumed mortgage 4% • Seller's rate
$410,814
2nd mortgage 10% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.18 acres
Year built
1999
Type
Single Family Residence

Source: ACTRIS #6360714

Loan
Remaining term
28 years, 2 months
Rate
4%
Monthly P&I
$2,027
Remaining loan balance
$410,814

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

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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.

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Last updated: Jan 13, 2025 12:00 am
Listing agent: Michael Adcock
Listing provided courtesy of: Admor Realty LLC (512) 496-1170
Details provided by ACTRIS and may not match the public record.
MLS ID: #6360714
Based on information submitted to the MLS GRID as of Jan 13 2025 - 03:27. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,027/mo
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