5623 Alexandria Dr Temple, TX 76502
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About this home
This beautiful 3/2/2 1454 sq.ft. brick home is ready to go. Nestled in the highly sought after Wyndham Hill Subdivision with access to the playground and community pool, this home is priced right and offers real value. Nice curb appeal leads you through the pretty wood door and into an expansive living area with vaulted ceilings and lots of windows that fill the living/kitchen/dining with natural light. The kitchen is a showstopper with granite countertops, an abundance of cabinets, a double sink with lots of counterspace that opens to the living area, refrigerator, and a pantry. The informal dining connects to the living/kitchen and offers access to the back porch. Large master suite offers dual vanities, separate shower and garden tub, huge walk-in closet and a private toilet. Guest bedrooms are roomy with nice closets. Separate laundry room with shelves and hanging space. Large garage with insulated door and cabinets. The outback offers a huge, covered porch with a TV on the east side that will keep you shaded from the summer sun and is perfect for grillin and chillin. Large back yard with a privacy fence and a small storage shed for the outdoor essentials. Great location with a short drive to Scott and White and shopping. Located in the highly acclaimed Academy ISD.
Source: CENTRALTEXAS #597172
Loan details
Neighborhood
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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.