2808 Kneese Dr, Belton, TX 76513
3 beds · 2 baths · 1,849 sqft
Upgraded, corner lot home in Belton within 5 minutes to Belton High School and UMHB, also down the street from Quail Meadows park. Enter this home into the spacious front room perfect for an office, formal dining, or second living area. This leads into the chefs kitchen that includes granite countertops, stainless steel appliances, and a breakfast bar. Continue through the dining area with an updated light fixture, into the beautiful sun room that leads into the private, fenced in backyard. The main living area includes an upgraded brick fireplace with wood features and an updated ceiling fan. Through the hallway you'll find the second bath that has been upgraded and two good sized bedrooms. The primary bedroom is situated on it's own side of the home and includes updated flooring and a ceiling fan, along with a jacuzzi tub, separate shower and dual sinks. This home has been upgraded with fresh interior paint, flooring and a new roof as of 7/22/24.
Source: ACTRIS #5059274
Interest rate and monthly payment estimated based on public records.
Source: ACTRIS #5059274
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: #5059274
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.