1070 Lonesome Oak Dr Temple, TX 76502
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About this home
Welcome to the Village of Sage Meadows with this 3-bedroom, 2-bathroom home that is light, bright, and open! Perfect for game day activities and entertaining. Pride of ownership and care exemplify this home! The open kitchen is practical yet stylish! With plenty of space for entertaining and preparing meals! The primary bedroom provides a quiet retreat at the end of the day, with its large en-suite bathroom for added privacy. Two additional split bedrooms and a second full bath offer plenty of space for family, guests, or a home office. Living here means your kids could walk to school—both Pirtle Elementary School and Lake Belton Middle School are just around the corner. Roof is an impact resistant class 3 shingles installed July, 2025 plus fresh exterior paint. Full automatic lawn sprinkler system. Garage has a separate pull down screen (with door) that provides fresh air and protection from flying insects. Backyard has a pergola, wood deck, and gazebo for your family's enjoyment. Backyard backs up to green space and privacy. Beyond your doorstep, a host of nearby amenities are Freedom Park and Lake Belton is 10 minutes away for weekend boating, or fishing. Everyday errands are minutes away for Walmart and HEB, restaurants, lakeside views, hiking, and Crossroads park! Whether you're downsizing, starting fresh, or simply looking for a sanctuary this home offers a warm welcome wrapped in convenience. Schedule your tour today!
Source: ACTRIS #1707983
Loan details
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.