Welcome to your dream home at 1078 Pecan Creek Rd, in an established Killeen neighborhood. This stunning 3-bedroom, 2.5-bathroom residence offers a generous 2,815 square feet of thoughtfully designed living space, perfect for both relaxation and entertaining. As you step inside, you're greeted by the warmth of hardwood floors that flow seamlessly throughout the main living areas. The inviting den/home office space is perfect for remote work or quiet study, while the spacious living room, complete with a cozy fireplace, beckons for family gatherings and evenings spent unwinding. The heart of the home, the gourmet kitchen, features luxurious granite countertops, stainless steel appliances, and ample cabinetry—ideal for culinary enthusiasts. Retreat to the expansive master suite, where tranquility reigns. The attached bathroom features a jetted garden tub and a separate shower, complete with a soothing ambiance. Two additional bedrooms provide ample space for family or guests, ensuring everyone feels at home. Step outside to discover your personal oasis. The covered patio overlooks the acreage, perfect for a summer BBQ or a morning coffee. Take a dip in the inviting swimming pool from the deck, all while enjoying the privacy of your large lot. Let's not forget the large workshop with a separate septic tank & 220-amp hook-up for an RV. With an updated roof and siding, central AC and heating, and a security system for peace of mind, this home is both stylish and functional. Don’t miss the chance to make 1078 Pecan Creek Rd your forever home. Schedule your private tour today and experience firsthand the lifestyle this remarkable property has to offer.
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
