4708 Old Homestead St Killeen, TX 76549
Your savings
About this home
Space, Space and more Space! This beauty sites on a .3 acre lot at the end of the cul-de-sac with 3,174 sq. ft. of SPACE. The AC just installed in August 2024 will keep you cool. Upon entering the foyer is open to the formal dining room that can be used as a gym space, play area, office or any number of things. Downstairs you will also find a full bathroom and bedroom. The downstairs expansive living area is open to the thoughtfully laid out kitchen. Entertaining is a breeze with the open space, guest can sit at the island or dining area without being in the cooks way. Upstairs is a second living area that has space for any sort of activity you can imagine. 5 Huge bedrooms with generous closets leave little to be desired. The Primary Bedroom located on the 2nd floor is massive with a sitting area, and the closet is its own bedroom. Out back you can do SO MANY ACTIVITIES in the humongous yard with a covered patio waiting for you to make it your oasis. The fence was partially replaced in April of 2025. Call you favorite realtor today to get a private tour!
Source: CENTRALTEXAS #582450
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.