1010 S 21st St, Copperas Cove, TX 76522
4 beds · 2 baths · 1,298 sqft sqft
OH: Fri Nov 22, 2:00PM-5:00PM | Back on market after updating the kitchen! New counter tops, backsplash and cabinets added! Presenting this great opportunity in Copperas Cove – a charming and well-appointed 4-bedroom, 2-bathroom home that seamlessly blends comfort, convenience, and style. As you enter, you'll be greeted by the warmth of a thoughtfully designed living space. The garage has been expertly converted into a primary suite, offering the luxury of a full attached bath. This clever use of space enhances both functionality and privacy, creating a retreat within your own home. The backyard is a hidden gem with a shed that comes with electricity, providing a versatile space for your hobbies, storage needs, or even a cozy workshop. Imagine enjoying quiet evenings or hosting gatherings in this private and well-maintained outdoor oasis. Key upgrades include a new roof in October 2020, ensuring durability and protection from the elements. Fresh gutters were added in March 2021, contributing to the overall maintenance and longevity of the property. The AC condenser was replaced in 2019, offering peace of mind and efficient climate control throughout the year. Situated on a corner lot, this property boasts a unique advantage. The entire .199-acre lot is fully fenced, providing not only security but also a heightened level of privacy. The fence is taller than those of neighboring homes, offering an exclusive retreat within the comforts of your own space. One of the standout features is the proximity to education institutions. This home is conveniently located less than a 15-minute walk from both the Elementary and High schools, making it an ideal residence for families with school-going children.
Source: CENTRALTEXAS #532450
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #532450
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #532450
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.