2621 Phyllis Dr, Copperas Cove, TX 76522
3 beds · 2 baths · 1,350 sqft
Welcome to 2621 Phyllis in Copperas Cove, where comfort meets convenience! This delightful home has been thoughtfully updated to provide you with contemporary amenities while maintaining its cozy appeal. Step into the heart of the home—the renovated kitchen, featuring updated countertops and backsplash, ready to handle anything from a quick meal to a gourmet dinner. Fresh paint and newer carpets throughout the home give it that "just-move-in" feel, so you can start making memories from day one. The backyard is an oasis of relaxation with a spacious sitting area, perfect for enjoying a quiet morning coffee or hosting a BBQ with friends. Nestled on a peaceful street, this home offers the tranquility you desire, with the added bonus of being just minutes from Fort Cavazos, making it an ideal location for military. For those with little ones, you'll love being right across from Cove Charter School, and when it's time to enjoy the outdoors, South Park Walking Trail and Heritage Park are just a stone's throw away. Whether you're looking for a place to settle down or a convenient commute to work, 2621 Phyllis is the perfect place to call home.
Source: ACTRIS #1379353
Source: ACTRIS #1379353
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.