2313 Maedell Dr Killeen, TX 76542
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About this home
Welcome to this inviting two-story home offering 1,895 square feet of living space in Killeen. The layout features four bedrooms and two and a half bathrooms, including a downstairs owner’s suite with no carpet. The main living area flows naturally into the dining space, creating an open concept feel that is ideal for everyday living or entertaining. Upstairs, three secondary bedrooms are complemented by a spacious loft that can be used as a game room, home office, or additional lounge. Recent updates add significant value, including a brand-new HVAC system, updated windows, and paid-off solar panels that will convey at closing. The secondary bathroom has also been refreshed with an updated tub. These improvements provide peace of mind for the next owners while leaving room for personal touches. This property also stands out as an excellent investment opportunity. With no HOA and thoughtful updates already in place, it is well suited for homeowners and investors alike. The location is highly convenient, with close proximity to Fort Hood, shopping, and dining, plus easy access to major roadways. Highway 195 is just minutes away, allowing a quick route to Austin and surrounding areas. Whether you are searching for your next residence or looking to expand your investment portfolio, this home offers comfort, updates, and a location that combines convenience with long-term potential.
Source: CENTRALTEXAS #592966
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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.