1 of 44
$345,000

3815 Founders Dr, Needville, TX 77461

4 beds · 2 baths · 1,855 sqft sqft

This incredible home features MANY great UPGRADES and is ready for move in! This four bedroom home is located within walking / bicycle distance of Needville Elementary School. Featuring tile and laminate flooring (NO CARPET), the bonuses in this home include: 1.) SOLAR PANELS Installed 2022 (approx $60 or less electric bills in the summer! Panels will be paid off by seller at closing!) 2.) WHOLE HOUSE GENERAC generator system (if power goes off, generator kicks on automatically!) 3.) ROOF, GUTTERS and GARAGE DOORS replaced 2024 4.) AC Compressor Replaced Sept 2023 5.) Tankless Water Heater installed 2021 6.) Two Ring Cameras will stay with the home! 7.) Gas Stove Replaced 2021 ==> This home offers TONS of value that are VERY hard to find in today's market for this price! The EXTENDED COVERED BACK PATIO and extra wide back yard gate are extra BONUSES you'll find here! Call today to schedule a showing before this home gets scooped up! Welcome to your new home for the holidays!

Interest rate 3
2.8%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,131
With Roam
$1,766
Reduce your monthly payments by $634 when you assume this mortgage.
You also save $205,063 in total interest paid.

$88,392
Edit

You may be able to put down less than the total down payment amount of $88,392 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

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.
Location
Details
Home
Size
1,855 sqft
Lot size
0.1928 acres
Year built
2005
Type
Single Family Residence

Source: HAR #10434724

Loan
Remaining term
26 years, 11 months
Rate
2.8%
Monthly P&I
$1,131
Remaining loan balance
$256,607

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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Nov 04, 2024 11:04 am
Listing agent: Kelly Andel (281) 935-7835
Listing provided courtesy of: eXp Realty LLC (888) 519-7431
Details provided by HAR and may not match the public record.
MLS ID: #10434724
Copyright 2024, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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 45 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.
$1,131/mo
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