241 Rainey Dr # 77-A, Jarrell, TX 76537
3 beds · 2 baths · 1,376 sqft
This Charming 3-bedroom, 2-bathroom and 2-car garage residence is situated in the thriving Jarrell community of Sonterra West and is perfect for families, professionals, or anyone looking for a vibrant community to call home. With its modern style and thoughtful design, it offers both comfort and convenience. Whether you envision hosting gatherings in your open-concept living space or relaxing in your private backyard, this home provides the perfect setting. The entry leads to a bright, open-concept living area that connects the living room to a kitchen featuring an island. The kitchen swagger consist of granite countertops, dark espresso cabinets, and stainless steel appliances. The home is equipped with a filtered water spout and new ceiling fans. Ample windows allow for plenty of natural light, and solar panels have been installed for added efficiency. The spacious backyard is ready for its new owners to personalize. Sonterra also provides a community pool, clubhouse, and park, all conveniently located just minutes from the freeway, shopping, and schools. Don't miss the opportunity to become part of the welcoming community and enjoy all it has to offer. Schedule a viewing today and see for yourself why this residence is the perfect place to create lasting memories.
Source: CENTRALTEXAS #571282
Financials
Source: CENTRALTEXAS #571282
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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?
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?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.