614 Oakhill Dr Killeen, TX 76541
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About this home
Welcome to a charming 3 bedroom home with unique features, situated in the heart of Killeen, 10 minutes from Fort Cavazos Base and right across the street from the former home of the iconic American singer, Elvis Presley. This 1,529 square-foot home offers an updated kitchen which opens to a spacious dining area. Large living area includes office space and built in cabinetry for books, ornaments or other décor. Master offers a spacious walk-in closet, big enough to be considered its own relaxing hideaway. 2nd bedroom soaks in plenty of natural light. Wood vinyl plank flooring throughout the entire home, perfect for pets. 3rd bedroom is a detached dwelling, perfect for teenagers or in-laws. With its own electricity and a/c, this 18x25 backyard dwelling can also be used as an office, a gym, a yoga studio, an art studio or for other endless possibilities. Solar panels on home will not only reduce your carbon footprint but will be fully paid off at closing. This home is nestled on a generous .34 acre lot, with mature trees, offering a blend of comfort and character. Property provides plenty of outdoor space for activities and gardening. Defined gated area perfect for pets. Unwind in the Jacuzzi, ideal for relaxation after a long day. The additional shed offers extra storage for all your gardening tools, outdoor equipment, or seasonal decorations, keeping your living space clutter-free. Home offers gutters and a water softener system. Updated plumbing recently completed. Extended Driveway can fit multiple vehicles or an RV. Don’t miss the opportunity to make this unique property your own! Schedule a viewing today!
Source: CENTRALTEXAS #574679
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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.