6306 Siltstone Loop, Killeen, TX 76542
4 beds · 4 baths · 2,825 sqft
A BENTINA home at its Finest! This beautiful home sits on a large corner lot with a side loaded two car garage, providing ample outdoor space for entertainment and privacy. The house features four spacious bedrooms, with the possibility of converting the additional room above the garage into a fifth bedroom, perfect for growing families or guests. The floorplan also includes three and a half bathrooms, ensuring plenty of space and convenience for everyone in the household. Upon entering, you’ll notice the elegant formal dining room, ideal for hosting family dinners and special occasions. The living area was designed for both comfort and functionality. Do not need a fifth bedroom... feel free to turn it into a game room. Whatever the room may be, it includes a full-size bathroom. YEP, you heard it here first! Whether you're playing games, watching movies, or hosting friends, this room provides the perfect space for fun, relaxation, or leisure. The home boasts a modern aesthetic with new interior paint, creating a fresh and updated look. A newly installed roof ensuring a peace of mind for years to come. New carpet to add warmth and comfort throughout the living spaces, while the many windows flood the rooms with natural light. The large master suite includes a wood burning fireplace, double vanity, separate shower, a deep soak spa like tub, and two walk-in closets. The home's exterior features four-sided brick construction, offering durability, low maintenance, and a timeless look with beautiful trees in the backyard. The expansive corner lot provides endless opportunities for outdoor activities, gardening, or even future expansion if desired. This house is ready to move in, with a clean, modern feel and all the upgrades necessary to make it a perfect family home. If you miss out, blame yourself! Do yourself a favor, add this home to your list, and take the opportunity to witness this masterpiece of a home for yourself!
Source: CENTRALTEXAS #572979
Financials
Source: Public records
Source: CENTRALTEXAS #572979
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.