5603 Drystone Ln, Killeen, TX 76542
3 beds · 2 baths · sqft
Don't miss this incredible opportunity to own a beautiful 3-bedroom, 2-bath brick home with an outdoor kitchen perfect for hosting friends and family. The home features a versatile office that can easily serve as a 4th bedroom. From the moment you step inside, you'll feel the inviting warmth of this spacious home, which boasts 2 living areas, 2 dining areas, a study/media room, and elegant crown molding throughout. The main living areas feature vinyl plank, tile, and laminate flooring, and the cozy wood-burning fireplace adds a touch of comfort. Love to cook? You'll appreciate the expansive counter space, walk-in pantry, double ovens, abundant cabinets with 42" uppers, and cooktop with a convenient breakfast bar. The kitchen flows seamlessly into the family room and breakfast area, creating an ideal space for daily living and entertaining. The split floor plan offers privacy, with the large primary suite showcasing double door entry, crown molding, his-and-her vanities, a jetted garden tub with tile surround, and an oversized custom-tiled shower with dual shower heads. The generously sized secondary bedrooms share a guest bath with a cultured marble vanity, tile flooring, and a tub/shower combo with tile surround. Relax in the enclosed patio or enjoy the outdoor bar/kitchen, complete with a built-in gas grill, sound system, refrigerator, and pergola. Additional amenities include an oversized entry closet, wood privacy fence, storage shed, garage door opener, and sprinkler system. This home is perfect for those who love to entertain, with its thoughtful design and numerous features. Call today to schedule your private tour!
Source: CENTRALTEXAS #556124
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #556124
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: #556124
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.