503 Houston St, Copperas Cove, TX 76522
4 beds · 2 baths · sqft
Located in the heart of the desirable Triple M Community, this spacious 4-bedroom, 2-bathroom home offers the perfect blend of comfort and convenience for modern living. The well-appointed kitchen features ample counter space and storage, making meal preparation and hosting gatherings a breeze. The adjacent dining area flows seamlessly, providing an ideal family dinner or casual breakfast setting. Each of the four bedrooms are generously sized, offering plenty of room for rest and relaxation. One of the standout features of this property is the large backyard—a perfect haven for kids, pets, or anyone who loves to spend time outdoors. This expansive space offers endless possibilities for recreation and relaxation. Sellers are replacing the roof, soffits, and gutters! Located in a friendly and welcoming community! This home boasts an ideal location just a 5-minute drive from the main gate of Fort Cavazos, making it convenient for military families. It’s also only a 10-minute drive to any destination on base. For families, Copperas Cove Middle School and the Copperas Cove Stadium are a short 5-minute walk away, perfect for enjoying Friday Night Lights. The preschool is accessible with a 15-minute walk or a quick 2-minute drive. Plus, you’re only half a mile from shopping, fast food, and the movie theater. For travel, the Austin Airport is about 90 minutes away, while the Killeen Airport is just 15 minutes from home. Don’t miss your chance to make this beautiful house your home. Schedule a viewing today!
Source: CENTRALTEXAS #555522
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #555522
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: #555522
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.