107 Jefferson Cv Elgin, TX 78621
Your savings
About this home
Welcome to 107 Jefferson Cove — a charming 3-bedroom, 2-bath home with 1,685 sq. ft. of living space on a spacious lot. With major updates already completed and just a few finishing touches left to personalize, this home is a fantastic opportunity for first-time buyers, investors, or anyone ready to make it their own. Recent improvements provide peace of mind where it matters most: the foundation was re-leveled in 2020, and a brand-new roof was installed in October 2023. Inside, you’ll find fresh interior paint, modern lighting in the main living areas, and updated kitchen cabinets for a bright, clean look. Laminate flooring in key spaces and two dining areas create both function and flexibility — perfect for everyday living and entertaining. While a few cosmetic updates remain (baseboards in select rooms and flooring transitions), the heavy lifting is already complete. All that’s left is adding your personal style to finish the picture. Set in the growing community of Elgin, this property combines smart updates with untapped potential — making it an excellent option whether you’re looking to invest or settle into your next home.
Source: ACTRIS #4676561
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.