4996 E Fm 436 Temple, TX 76501
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About this home
MOTIVATED SELLER IN ACADEMY ISD! Follow the private treed lane to the gate and enter the 0.974 acre sanctuary you have been looking for! This 3 bedroom, 3 bath home on the edge of Little River Academy is only 10 minutes from Belton or Temple. The large pecan trees are loaded w/ pecans and ready for the new owners! The floorplan offers large rooms, wood floors in the family room, dining & kitchen, several walk-in closets, ample storage, ceiling fans & more. Kitchen has a breakfast bar/island and opens to the large family room and dining space! There are many cabinets, updated appliances as well as updated bathrooms. The Primary Bathtub & shower was remodeled in 2018. Upgrades include: land is fenced and cross fenced; Back yard has a Wooden privacy fence; 2 car metal carport; Expanded front porch; West facing Solar panels (40) plus 36 hour Genrac battery (2021); Windows replaced (2018); HVAC replaced (2018); propane stove & tank (2020); attic insulation added; Carpet replaced; interior and exterior paint in 10/2025. The flex room at the front of the house can be a great 2nd living area, playroom, office or workout room. Out back there is porch & large closet. Garage can be restored or left as an additional work space or living quarters with mini split air conditioner/heater. Schedule your showing today!
Source: ACTRIS #8025497
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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.
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