337 UNCLE BILLY WAY, Jarrell, TX 76537
This lovingly-maintained, one-owner home is ready to welcome its next fortunate owner! Offering a spacious two-story layout with 5 bedrooms and multiple living spaces, you have found your forever home. The main level offers an open-concept design where the kitchen seamlessly overlooks the living and dining spaces, creating a warm atmosphere for entertaining or spending time with your family. The kitchen features granite countertops, stainless steel appliances, a timeless subway tile backsplash, and a large island perfect for casual dining and socializing. The main level owner's suite is your perfect retreat, complete with an ensuite bathroom and a spacious seating nook ideal for a reading area, quaint living space, or even a nursery. Upstairs, you'll find a versatile loft that can serve as a secondary living space or game room, along with four additional bedrooms sharing a full bath. The backyard is designed with entertaining and quality time in mind, as the kitchen/dining area opens to a covered patio perfect for grilling, and leads to an expansive deck extension that offers an ideal setting for al fresco dining. Situated in the ever-growing Jarrell area, this home is about 12 miles from Georgetown and roughly 30 miles from Austin, providing a charming rural small-town vibe with quick access to larger cities. The Sonterra West (Bailey Park) community offers wonderful amenities, including two pools with a lap area and a splash pad, a skate park, a basketball goal and multiple children's playscapes on well-maintained artificial turf. Don't miss the opportunity to make this beautiful, well-cared-for home yours!
You may be able to put down less than the total down payment amount of $93,004 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What 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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1428264