The seller is relocating out of state and is super MOTIVATED,WE ARE OFFERING $4,000.00 in closing cost or for a rate buy down!! MAKE A OFFER! Introducing the perfect blend of warmth, charm, and modernity! At 3112 Jackal Dr. in Lorena, Texas, this stunning property boasts not just a prime location, but also an array of desirable features. Step inside this 2018 build, a renovated masterpiece with so many extras! Be greeted by 2565 sft of immaculate living space. With 5 bedrooms, 2.5 bathrooms, and 2 living areas (one upstairs and one downstairs), there's plenty of room for everyone to relax and unwind. Plus, the versatile 2nd living area at the upstairs of the home offers endless possibilities - a hobby room, a media room or even a game room for the whole family to enjoy. The heart of this home is undoubtedly the spacious kitchen, complete with a pantry and all the modern amenities you could wish for. For those seeking a little extra privacy, the main bedroom is perfectly isolated, featuring a separate shower and tub, along with a generously sized closet. Step outside and relax under extra large 2000 sft deck, relax in the inviting 7 person 500 gallon hot tub, the ideal spot for hosting unforgettable gatherings with family and friends. But that's not all - this property has had all the upgrades- 3rd garage space, automated and adjustable trim lights, gutters, a new 5 tab architectural roof, upgraded ceiling fans, back and front glass storm doors. It is also situated in the highly sought-after Midway School District, making it the ideal choice for families. With easy access to shopping, dining, and the convenience of I-35, this location truly has it all. Don't miss the opportunity to make this your forever home. With its warm and friendly atmosphere and endless possibilities, this property is sure to captivate your heart. Don't wait, experience the magic of 3112 Jackal Dr.!!
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.
