2005 Downing St Belton, TX 76513
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About this home
We just had a PRICE DROP!!! Assumable VA loan! Motivated seller! MAKE AN OFFER!!! Welcome to your next home—right in the heart of Belton! Step inside to a bright and spacious living room with easy-to-clean laminate flooring, a ceiling fan to keep things cool, and big windows that let in lots of natural light from the sunroom. The kitchen is ready for group meals and fun, with stainless steel appliances, plenty of cabinet space, tile flooring, and a cozy dining area that opens right into the sunroom—perfect for extra play space or a morning coffee spot. You'll also love the large formal dining room featuring a beautiful fireplace—great for group dinners or holiday gatherings. The garage has been thoughtfully converted into a private master suite with its own bathroom, complete with a shower/tub combo, perfect for relaxing after a busy day. Outside, the fully fenced backyard gives kids and pets plenty of room to play, and the workshop offers space for hobbies, storage, or weekend projects. Roof replaced in 2025. A/C serviced twice per year & most recently in Spring of 2025. This home has everything your household needs—don’t miss out! Schedule your private tour today! Home Warranty & refrigerator conveys
Source: CENTRALTEXAS #578655
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Close stress-free in 45 days, handled start to finish by Roam.
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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.