8401 Preserve Trl, Killeen, TX 76542
4 beds · 3 baths · sqft
Welcome to this stunning home in Killeen, TX, built in 2021 - only 4 years young! This gorgeous single-story home offers modern comfort and thoughtful design throughout. As you make your way inside, you'll immediately notice the beautiful wood-grain tile flooring that flows seamlessly throughout the entire home, offering both style and durability. The open concept living area features a spacious living room with a high tray ceiling, creating an inviting and airy feel. A cozy fireplace adds warmth and charm, making this the perfect spot to relax and unwind. The home is bathed in natural light, creating a bright and cheerful atmosphere. The kitchen is a dream with a large center island, elegant stone countertops, stainless steel appliances, and a pantry for added storage. It's perfect for both everyday living and entertaining guests. The relaxing primary suite offers a peaceful retreat, complete with dual vanities and an oversized walk-in shower that is sure to impress. Featuring three showerheads, including a rainfall shower, and beautiful river stone and tile accents, this spa-like shower is a luxurious feature. The home includes three additional bedrooms and a full bath with dual vanities, perfect for family and guests. An additional half bath is perfect for visitors. The spacious utility room offers convenience and functionality, while the 3-car garage provides ample space for storage and parking. Situated on a corner lot, the property boasts a gently sloping, fully fenced yard with plenty of sunlight, ideal for gardening or outdoor activities. The large covered patio with ceiling fan and lighting offers a perfect spot to enjoy the outdoors year-round. Don’t miss the opportunity to make this beautiful, move-in-ready home yours!
Source: ACTRIS #6656414
Financials
Source: Public records
Source: ACTRIS #6656414
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.