5613 Landsdown Dr Waco, TX 76708
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About this home
5613 Landsdown Drive is the kind of property that rarely comes available in this part of China Spring ISD—a well-maintained 4 bedroom, 3 bathroom home with a little more space, a little more character, and a location that quietly outperforms most. You’ve got just under 2,100 square feet, including two full living areas (so someone can watch football while someone else reads in peace...imagine that). The kitchen has updated appliances, and the back windows were replaced after the 2023 storm—a not-so-fun memory turned into a solid upgrade. The backyard is bigger than it looks on paper, with mature trees scattered around the perimeter, a firepit, and gated access on both sides, including one that can work as a drive-through if needed. Whether it’s for a trailer, a project, or just flexibility, it’s a smart setup. There’s room to garden, room to play, and plenty of room to step outside and unwind. And the neighborhood? It’s not just established, it’s known. Tree Lake Ranch has a rhythm to it: golf carts on evening drives, sometimes actual cattle graze at the end of Plantation Drive, and kind neighbors who wave when you pass by. You’re minutes from Lake Waco Golf Club, Waco regional airport, and just 15 to 20 minutes from Magnolia, Baylor, the heart of Downtown Waco and local shopping. It’s not perfect and it doesn’t pretend to be. But if you’re looking for a place with soul, space, and the kind of neighborhood people don’t want to leave... this might be the one.
Source: NTREIS #21017329
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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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