509 Olive St, Crowley, TX 76036
4 beds · 2 baths · sqft
Welcome to 509 Olive St, nestled in the charming city of Crowley, Texas. This delightful property offers great curb appeal with a perfect blend of comfort and convenience, making it an ideal choice for those seeking a serene suburban lifestyle. The beautiful home boasts a spacious layout with modern amenities, ensuring a comfortable living experience for you and your family. As you step inside, you'll be greeted by an inviting living area that flows seamlessly into a well-appointed kitchen, perfect for entertaining guests or enjoying family meals. Both living areas share a custom built fireplace, perfect for entertaining or relaxing. The bedrooms are generously sized, providing ample space for relaxation and privacy. The backyard offers a peaceful retreat with plenty of room for outdoor activities or gardening. There is also a new shed in the backyard for extra storage! Another key feature with this home is the renewable energy system with the solar panels. This assures that your electricity bills will be minimal and you can take advantage of buy back credits offered by the electricity providers. (The system will be paid off at closing by the owner). Located in the friendly neighborhood of Stonebrook, this property is just a short drive away from local amenities. Nearby, you'll find the Crowley Recreation Center, perfect for fitness enthusiasts, and Bicentennial Park, ideal for leisurely strolls or picnics. For dining and shopping, the bustling Crowley Town Center is just minutes away, offering a variety of options to suit all tastes. Experience the best of suburban living at 509 Olive St, where comfort meets convenience in the heart of Crowley, TX. Don't miss the opportunity to make this charming property your new home!
Source: NTREIS #20781395
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20781395
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #20781395
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.