1203 N 13th St, Temple, TX 76501
4 beds · 3 baths · 3,499 sqft sqft
Discover Timeless Charm with Modern Luxury! Nestled in the North Side Historic District of Temple, Texas, this stunning red brick home offers the perfect blend of historic character and modern convenience. Built in 1956 by a founding doctor of Scott and White, it has had only three owners, each contributing to its enduring charm. The home features 4 spacious bedrooms, 2.5 bathrooms, and a dedicated office that could easily be converted into a 5th bedroom, offering versatile space for modern living. The main living areas are filled with character, from the striking beams to the two inviting fireplaces. The loft area provides a cozy retreat or could serve as a media room. At the heart of the home is the gourmet kitchen, a chef’s dream with original hardwood floors, a custom butcher block island, top-of-the-line appliances, including a double oven, and thoughtful details like two sinks (one an apron sink), a hot water drink dispenser, and two drink fridges. In addition to the main house, there is a remodeled garage apartment that includes a kitchenette and a full bathroom, perfect for use as a mother-in-law suite, guest quarters, or even a rental property. Recent upgrades ensure comfort and peace of mind, including a new roof (2024) with Class 4 shingles, fresh exterior paint, new gutters, and a commercial-grade Lennox AC unit. The beautifully landscaped exterior, featuring a full-size flagpole and a Rainbird irrigation system, enhances the home’s curb appeal and invites outdoor enjoyment. Conveniently located near Scott & White, I-35, and local shopping and dining, this home offers both tranquility and accessibility. Schedule your private tour today and experience the timeless elegance and modern comforts this home has to offer!
Source: ACTRIS #4330325
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #4330325
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: #4330325
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.