VA loan
1 of 38
VA loan
$346,000 SIGNIN

Sign in to see required down payment for the 2.875% rate

217 Slippery Elm Dr, Nolanville, TX 76559

4 beds · 3 baths · 2,076 sqft

Welcome to your dream home in Nolanville's charming Wildwood Estates, where this spacious 4-bedroom, 2 1/2-bathroom residence awaits to fulfill your every desire. Nestled in a friendly neighborhood known for its community spirit this home offers a tranquil haven for anyone. Some current neighbors of yours include service members such as active military, veterans, police, and firefighters alike. Upon entering, you'll be greeted by a cozy fireplace, perfect for creating cherished holiday memories and fostering a sense of togetherness. The large picture window bathes the living area in natural light, enhancing the inviting ambiance of the home. The heart of this residence is its expansive kitchen, complete with abundant cabinet space, a convenient kitchen island, and a large corner pantry, ideal for the culinary enthusiast. Imagine preparing meals while engaging with loved ones in the adjoining dining area, where conversations flow effortlessly. The master bedroom offers a tranquil retreat with its spacious layout, complemented by a luxurious walk-in shower, a rejuvenating Jacuzzi tub, and a generously sized walk-in closet. Each additional bedroom provides ample space for members or guests, ensuring comfort and privacy for all. Outside, the large backyard beckons for outdoor gatherings and playtime, promising endless opportunities for relaxation and entertainment. The laundry provides practicality and organization, making it easy to keep the home tidy and clutter-free. In this tight-knit community, quiet neighbors and a sense of camaraderie prevail, creating a welcoming environment for anyone to thrive. Whether you're hosting holiday festivities by the fireplace or enjoying peaceful moments in your private oasis, this gorgeous home embodies comfort, elegance, and the essence of joyous living.

Estimated
Seller's interest rate
2.875%
7%
Estimated
Monthly payment

$1,568
$2,200
You may also save up to $199,083 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,200 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
2.875%
Remaining term
26 yrs and 3 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,568
Principal & interest
$1,182
Mortgage insurance
-
Property taxes
$89
Home insurance
$296
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
2,076 sqft
Lot size
0.2118 acres
Year built
2021
Type
Single Family Residence
HOA dues
$0.00

Source: CENTRALTEXAS #548153

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: Apr 17, 2025 05:44 am
Listing agent: Jonathan Minerick (888) 400-2513
Listing provided courtesy of: Homecoin.Com (888) 400-2513
Details provided by CENTRALTEXAS and may not match the public record.
MLS ID: #548153
Information is provided exclusively for consumers personal, non - commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025, Central Texas Board of REALTORS
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