8516 Cantera Ridge Rd Temple, TX 76502
Your savings
About this home
***BRAND NEW ROOF***Welcome to this beautifully maintained 3-bedroom, 2-bathroom home nestled in the sought-after Lake Pointe Terrace community in Temple, offering 1,703 square feet of comfortable living space and zoned for the highly regarded Belton ISD. Step inside and be greeted by the open-concept layout that seamlessly blends the kitchen, dining, and living areas—perfect for entertaining or everyday living. The modern kitchen features granite countertops, a large island, stainless steel appliances, and an electric fireplace that adds a cozy touch to the main living area. The primary suite is complete with a dual vanity, a walk-in shower, and a generously sized walk-in closet. All bedrooms are carpeted and equipped with ceiling fans for year-round comfort. Step outside to your private backyard, ideal for gatherings or quiet evenings. The yard includes a 16’x20’ concrete pad, ready for outdoor furniture, a grill, or a pergola. Community amenities include a sparkling in-ground pool, a clubhouse, playground, and sidewalks throughout—all designed to enhance your lifestyle and make the most of Texas summers. Located just minutes from shopping, restaurants, schools and Scott and White Hospital. With a with a short drive to Fort Cavazos, Waco, and more, this home offers both comfort and convenience in a welcoming neighborhood.
Source: CENTRALTEXAS #575956
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.