660 Seabiscuit Dr, Jarrell, TX 76537
3 beds · 2 baths · 1,629 sqft
Check out this almost new home located on the West side of Jarrell, TX. Built in 2023, this three-bedroom two bath home has what you need to move in. All appliances convey! The stone and brick front exterior faces East providing plenty of natural light inside. The floorplan is open, and the bedrooms are split. The secondary bedrooms are in front and the primary at the back of the home. Once inside, the open kitchen-family areas create an inviting gathering space. The kitchen has solid counter tops, a breakfast bar area, center island with sink, a pantry, stainless steel appliances, and recessed lighting. The primary bedroom has a full bath and walk-in closet. The primary bathroom also has solid counter tops, dual vanities, and a tiled walk-in glass enclosed shower. Ceiling fans keep the air moving and comfortable. The owners have also improved the back covered patio with custom screens and door. Enjoy the sunsets while the bugs are outside. Sprinkler system, garage door opener and security cameras on the property. Call you favorite agent for a tour.
Source: ACTRIS #8024396
Financials
Source: ACTRIS #8024396
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.