740 County Road 4876, Copperas Cove, TX 76522
4 beds · 2 baths · sqft sqft
Embrace your new home at 740 CR 4876, Copperas Cove, Texas - a magnificent residence boasting unparalleled views and situated within the Lampasas Independent School District. This expansive country home rests on nearly an acre of land and encompasses a generous 1948 square feet of living space. As you step inside, you'll be greeted by an inviting open concept living area, ideal for hosting gatherings or enjoying cherished moments with family and friends. The garage has been ingeniously transformed into an additional living space, offering versatility as a game room, media room, or potentially a fourth bedroom - the options are boundless! One of the most remarkable features of this residence is its panoramic views, captivating from every vantage point. Picture yourself waking up each morning to the captivating panorama of verdant landscapes and tranquil countryside. Outside, a storage building awaits in the backyard, providing ample space for housing all your outdoor essentials. Strategically positioned just minutes away from Fort Cavazos, as well as an array of shopping outlets, dining establishments, educational institutions, hospitals, and more, this property epitomizes the perfect fusion of rural serenity and urban convenience. Don't let this extraordinary opportunity slip through your fingers - seize the chance to turn this dream residence into your reality!
Source: CENTRALTEXAS #533897
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #533897
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: #533897
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.