2021 Rustic Manor Dr Temple, TX 76502
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About this home
ASSUMABLE VA LOAN at a 2.625% to qualified VA eligible buyers! This beautiful home built by Carother’s is well maintained & offers the perfect blend of quality construction, thoughtful upgrades, and a desirable location. This property sits on one of the larger lots in the subdivision with no rear neighbors, providing privacy and space to enjoy. Step inside to find a warm, inviting interior that has been lovingly cared for. You'll find wood look tile throughout the house, wood burning fireplace, an open living concept with split floor plan. The secondary bedrooms will be towards the front of the home while you enjoy the privacy of your primary suite at the rear of the home. The large primary suite is complete with a huge walk-in closet, garden tub and separate shower. Outside, you’ll discover a backyard made for entertaining — complete with a custom-built shed for extra storage and an extended covered patio, perfect for gatherings, barbecues, or simply relaxing after a long day. As part of a friendly neighborhood, you’ll have access to the community pool, making summer days even more enjoyable. Whether you’re hosting friends or enjoying peaceful evenings at home, this property offers the comfort and convenience you’ve been looking for. Some of the details of this home is a new roof in 2024, New Electric panel 2024, added an additional 450sqft backyard concrete patio in 2023, wood burning fireplace was inspected and swept in 2023. Don’t miss the chance to own this move-in-ready home in a prime West Temple location! Convenient commute to Baylor, Scott & White Hospital, the VA Hospital or even Fort Hood. We have preferred lenders offering incentives. If you're looking for $0 down and no mortgage insurance check out Extraco Bank's Doctors & Professionals loans. Have your favorite REALTOR®? pass along more information & schedule a showing! Or check out Primm Mortgage offering lender credits towards closing costs.
Source: CENTRALTEXAS #589225
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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.