250 Engineers Pass Jarrell, TX 76537
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About this home
This home is ideal for retired couple or growing family. Large lot 50x120, private back yard behind 6' privacy fence, large covered tiled patio. Enjoy this nicely landscaped property, room for pets, friendly neighbors, and Highly rated neighborhood public schools, plus day care school just down the street. The member only Community pool and park with play scape and sprinkler park and a short walking distance only two blocks away. Seniors can enjoy the single level 3 bedroom 2 full path home along with the good sized 2 car garage with remote control access. Laminat easy care floors throughout, offering hypo allergenic carpet free living. The primary bedroom has an attached bathroom, with walkin closet, dual marble sinks with modern faucets, custom lighting and a new large mirror. Natural light fills the bedroom via two double paned windows with sheer window treatments. The home sits ideally within the small town of Jarrell, Tx.. Get out of the city and start enjoying all a rural small town has to offer.
Source: ACTRIS #3063817
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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.