163 Wonderful Life Way Jarrell, TX 76537
Your savings
About this home
* Assumable FHA loan at 3.2% * USDA Qualified * NEW LVP FLOORING installed on the bottom floor! Welcome to this bright and efficient 4-bedroom, 2.5-bath home in the desirable Sonterra community of Jarrell, TX. Built in 2021 with 2,121 square feet of modern living space, this two-story residence blends contemporary design, smart features, and strong value. The open-concept main floor connects the kitchen, dining, and living areas, creating an ideal space for entertaining or everyday living. The kitchen includes stainless steel appliances and a Samsung Smart Fridge with FamilyHub, which conveys with the home. A convenient half bath and direct backyard access add to the functional layout. Upstairs, you’ll find all four bedrooms, including a spacious primary suite, a full guest bathroom, and a laundry room just steps from the bedrooms. The washer and dryer are also available to convey. Solar panels are fully installed and producing approximately 0.8 MWh per month, typically offsetting the solar loan cost of $137.80/month at a fixed 2.3% rate. Fridge, washer, and dryer contribute over $3,000 in included appliances. Community amenities include a pool, clubhouse, playgrounds, and walking trails, all covered by the HOA. Move-in ready with smart upgrades, energy savings, and a clean price point, this home offers exceptional value. Rolling the solar into the mortgage may be an option at $138 per square foot. As its below-market $138/sft price, there’s headroom to roll the solar loan into the home price if desired—giving you free electricity, with warranty, for 30 years.
Source: ACTRIS #3869234
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.