Buyers searching in this part of Killeen often expect to compromise between square footage and price, especially when looking for homes in established neighborhoods. This property avoids that tradeoff by offering over 2,100 square feet with a functional two story layout in the Thunder Creek Estates community. Built in 2004, the home provides approximately 2,165 square feet with three bedrooms, two full bathrooms, and an additional half bath arranged across two levels. The layout allows the main living area, dining space, and kitchen to work together for everyday living while keeping bedroom areas more private. The two story design helps maximize interior space while maintaining a comfortable separation between living and sleeping areas. Set on approximately 0.168 acres, the property offers manageable outdoor space that is easy to maintain while still providing room for outdoor seating or yard use. Located within the Thunder Creek Estates neighborhood and zoned to Killeen ISD schools, the home sits in an area that continues to see steady buyer interest due to its accessibility and established residential setting. Most homes in this price range either offer smaller square footage or fewer living spaces. Comparable homes nearby generally range from around $205K to the upper $270Ks depending on size, updates, and lot size, positioning this property competitively within the neighborhood market. Homes that offer this amount of interior space in this price range do not always stay available for long. Properties that balance square footage, layout, and location tend to draw attention quickly once they reach the market. For additional peace of mind, the home is backed by our 12 month buyer satisfaction guarantee. If your situation changes and you need to sell, our Guaranteed Sale Program can help reduce the risk of owning two homes at the same time. See it in person and decide how it compares to what else is available.
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.
