VA loan
1 of 21
VA loan
$239,999

4908 Sydney Harbour Ct, Killeen, TX 76549

3 beds · 2 baths · 1,828 sqft sqft

"Welcome to this beautiful 1828 sq ft, 3-bedroom, 2-bathroom home nestled on a quiet street in Killeen close Ft Cavazos and the airport This home features an open, light-filled layout with no carpet, offering easy maintenance and modern appeal. The spacious primary suite boasts an oversized walk-in closet, double vanities, a deep soaker tub, and solid surface countertops in the bathroom. An office provides extra space for work or hobbies. Outside, you’ll find a large 12x16 insulated workshop—perfect for projects or additional storage. This home offers everything you need in a peaceful setting. Schedule your tour today!" Improvements/Updates Pressure-washed and freshly painted exterior - 2024 New 30yr roof (house & shed) - 2022 LED lighting was installed in the kitchen, laundry/pantry, hallway, and master closet - 2020. LED light bulbs were added throughout all other fixtures New xlarge ceiling fan with LED lighting & remote control in the living room - 2023 New light fixture in dining/eat-in kitchen area - 2021 New 3.5-ton, 14 SEER HVAC with 15 KW aux heat strips (inside and out) - April 2021 (10yr warranty - ownership transfer available) New 50-gallon high-efficiency water heater - 2021 New black & stainless kitchen appliances (dishwasher, stove, OTR microwave & refrigerator) Fall 2020 Exterior lighting upgraded 2021 (front porch has motion sensor) Four hardwired wired Lorex 4k security cameras with night vision (2020) to convey (self-monitored via security station or phone app); Cloud storage and Amazon Alexa/Google Assistant integration available. Gutters installed in 2021, tied into French drains French drains (along the right and left of the property) installed in 2021 10 ft gate added to the left side of the property Large, 12x16ft insulated workshop built in late 2020 6ft wooden privacy fence maintenance performed - 2024 (replaced broken pickets and 4x4s as needed - 4x4s replaced with 12guage metal posts); painted entire fence

Interest rate 3
2.625%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$707
With Roam
$1,112
Reduce your monthly payments by $405 when you assume this mortgage.
You also save $126,014 in total interest paid.

$80,520
Edit

You may be able to put down less than the total down payment amount of $80,520 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
1,828 sqft
Lot size
0.1653 acres
Year built
2006
Type
Single Family Residence

Source: ACTRIS #5959052

Loan
Remaining term
25 years, 11 months
Rate
2.625%
Monthly P&I
$707
Remaining loan balance
$159,478

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Nov 02, 2024 10:29 am
Listing agent: Becky Judkins (254) 338-0692
Listing provided courtesy of: RE/MAX Temple-Belton (254) 771-3633
Details provided by ACTRIS and may not match the public record.
MLS ID: #5959052
Based on information submitted to the MLS GRID as of Nov 03 2024 - 07:43. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$707/mo
View details