Step into timeless elegance with this stunning historic home in the heart of Temple, TX. Situated on a spacious corner lot, this beautifully maintained 6-bed, 4-bath home perfectly blends classic Texas charm with thoughtful modern updates. The moment you arrive, you’ll appreciate the character and craftsmanship that make historic homes so special, including original hardwood floors in many areas, charming shiplap details, and a beautifully crafted staircase, all complemented by stylish renovations throughout. The updated kitchen is a true centerpiece, featuring a large island with breakfast bar, modern finishes, and space for gathering and entertaining. Designed for both comfort and flexibility, the home offers two living areas plus a versatile flex space ideal for a home office, den, playroom, or hobby room. The functional layout continues with an inside laundry room, main floor primary suite with his and her closets & an en-suite bathroom with large walk in shower. The 5 additional spacious bedrooms, 2 bathrooms and an extra flex/living space upstairs provide room for everyone. Major system updates offer peace of mind, including a roof replaced in November 2024, new siding installed in July 2025, ptankless water heater, two A/C units that efficiently keep both floors cool, and double-pane windows. Step outside to enjoy the private backyard retreat complete with a cemented fire pit area, a pergola built for a swing or hammock, outdoor movie projector screen space and plenty of room for lounging and running around. Perfect for relaxing evenings, entertaining guests, or enjoying Texas sunsets under the stars. You will also enjoy the beautiful expansive front porch for relaxing with your morning coffee or tea. This one-of-a-kind property captures the beauty of historic Texas living while providing the modern conveniences today’s buyers desire. A rare opportunity to own a piece of Temple history with space, character, and updates already in place.
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.
