311 Hunter John Dr, Copperas Cove, TX 76522
3 beds · 2 baths · sqft
It is said too often, but this really is a property that has to be seen to be believed! With all the craziness that is the world today, are you looking to relying more on yourself and less on big business? LOOK NO FURTHER! The sellers have truly (and smartly) utilized this lot to its' best potential. Let's talk about the plants.... herb garden, grapes vineyard, vegetable garden, peach, nectarine, mulberry and 4 varities of apple trees. Ready to start your homesteading adventure? You have an area for ducks, chicken, pigs, goats, turkey, quail, rabbits. RV hookup, storage shed wired for electricity, and security cameras to ensure the safety of your little farm. There is even a water catchment system that the sellers are willing to convey to the buyer. We haven't even mentioned the house for once you need to relax. Open-concept living, dining and kitchen with huge pantry to store your homesteading cache. Mother-in-law floor plan with primary bedroom and secondary bedrooms on opposite ends of the house. Primary bedroom boasts walk-in closet with ensuite primary bathroom. Secondary rooms also have their own large closets. When all the work is done for the night, enjoy the huge, covered front porch scented by the Texas lilacs. Sellers are willing to allow some animals to remain (such as some chickens, a rooster, quail, duck eggs) so that the new owners don't have to start their farm from scratch. Seller is also going to include self-created booklet to help first-time homesteaders/farmers.
Source: CENTRALTEXAS #545281
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #545281
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: #545281
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