9407 Farrier Ave, Killeen, TX 76542
3 beds · 2 baths · sqft
If you are looking for a huge backyard and an additional two-car detached garage, you are going to want to see this beautiful home in Splawn Ranch in South Killeen. Bring your car collection or woodworking equipment and move right in. This 2021 built, three bedroom, two bath home sits on an oversized lot measuring over a quarter acre! Fully surrounded with six foot privacy fencing, you will enjoy countless hours enjoying the massive back yard from the comfort of your private, covered back patio. The kitchen is open to the dining and living areas and is perfectly appointed with granite countertops, espresso cabinetry and stainless steel Whirlpool appliances. There is also a high-end Samsung refrigerator which can convey with the property. The Primary Suite is quite large with plenty of natural light. The private en-suite bath has a cultured marble double vanity, oversized shower, two walk-in closets and a large linen closet. The two secondary bedrooms are on the other side of the house from the primary. A spacious indoor laundry room is conveniently located between the primary suite and the garage entrance and is currently equipped with a Washer & Dryer set by Whirlpool which may convey with the property. Large ceramic tiles cover the flooring in all of the common and wet areas with carpet only in the bedrooms and two inch faux wood blinds cover the windows throughout the property. A stunning leaded glass window is embedded in the front door which also has a clear storm door. The neighborhood is conveniently located off Hwy 195 just minutes from Ft. Cavasos, Texas A&M Central Texas, the airport, shopping and restaurants. Call your favorite REALTOR and schedule a showing today.
Source: CENTRALTEXAS #561705
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #561705
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: #561705
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.