517 N 9th St, Temple, TX 76501
4 beds · 4 baths · 3,529 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This charming American Foursquare home, nestled in Temple's coveted Historic District, exudes timeless character with its Prairie Style roofline and stately 4-sided brick masonry. Surrounded by towering, mature Texas Pecan trees, this three-story residence offers over 3,500 square feet of living space, including a full basement and a detached two-car garage with an upper-level loft apartment. Step inside to discover original hardwood floors throughout, complemented by two beautiful brick wood-burning fireplaces. The home is ideal for entertaining, with multiple living spaces, spacious dining area, and four covered porches, perfect for the mild spring and fall weather. On the second floor, you'll find the master bedroom with an en-suite bathroom, two additional bedrooms, and a full bath. For added convenience, the laundry area is also located on the second floor. The third-floor bedroom/game room offers amazing additional space, complete with a full bath and living area! The two-car garage, constructed with the same brick masonry, provides ample storage. The garage loft apartment, currently rented with a tenant, offers excellent income potential with a full bath. The property features a fenced backyard shaded by mature trees, while the front yard is adorned with antique-style yard lights that add to historic sophistication of this home! Situated near I-35, schools, and shopping, this home combines historic charm with modern convenience.
Source: CENTRALTEXAS #573649
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALTEXAS #573649
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.