801 N Main St Copperas Cove, TX 76522
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About this home
This is an Absolute, must see, presenting a little country living in the city. This home positioned on a nice corner lot and presents a great starter home or even retiring. Approaching the home you will find a grand porch area for morning coffee or evening relaxation. Upon entering, you will find the grand living room; comfortable and cozy to accommodate large furniture and fun activities. The kitchen's d'core is accented with the antique white look. You will find the vinyl wood floor look throughout the home and vinyl linoleum look in wet areas. There is 2 extra bonus rooms that can be used for a second living room - with a step down floor or sunken living room. The other room can be used as another bedroom or office. There is a nice carport on the back side that you can pursue an enclosed garage or other possibilities. An additional bonus, is the two storage units on the back. The back yard boasts of grass, stone-brick combination landscaping. This house has great potential and you can utilize it as is or it can be transformed into an even greater masterpiece. You dream it, and achieve it. This home is located near Ft Cavazos, Churches, Schools, Business Plazas, Shopping Centers, Convenience stores and much more. Call for your showing today! (24 Hr notice required.) The tax rate is estimated and should be confirmed with Coryell County Tax and Appraisal district.
Source: CENTRALTEXAS #556718
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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.