1122 IRON GLEN DR, Temple, TX 76502
Welcome to this stunning DR Horton built home offering a perfect blend of elegance and comfort. Located in the desirable Lake Pointe subdivision, this spacious residence boasts a wealth of features ideal for modern living. Upon entering, you are greeted by a formal dining room and formal living room, both elegantly appointed for gatherings and special occasions. The heart of the home is the large kitchen, complete with a substantial kitchen island adorned with 3cm granite countertops, perfect for culinary adventures and casual dining. The kitchen seamlessly flows into the living room, highlighted by a charming brick, wood-burning fireplace, creating a warm and inviting atmosphere. Conveniently situated on the main level is an office space, providing a private area to work from home, along with a half bath for guests. Upstairs, discover a spacious loft area that can be used for playing games or relaxing with a good book. This versatile loft also features a large walk-in closet, offering ample storage space. The primary en-suite is a sanctuary of comfort, featuring vaulted ceilings and generously appointed with a garden tub, separate shower, double vanity, and a substantial walk-in closet, ensuring plenty of room for storage and organization. All secondary bedrooms upstairs are generously sized, providing comfort and privacy for family members or guests. Additional features of this remarkable home include modern fixtures, ample natural light throughout, and thoughtful design elements. Located close to the lake. The neighborhood offers an array of amenities, this home presents an exceptional opportunity for those seeking both luxury and practicality. Don’t miss out on making this exquisite property your new home. Schedule your showing today! Square footage and room dimensions, Schools, and tax information are approximate and should be independently verified.
You may be able to put down less than the total down payment amount of $147,633 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #4823464