Video coding methods are described for reducing latency in template-based inter coding. In some embodiments, a method is provided for coding a video that includes a current picture and at least one reference picture. For at least a current block in the current picture, a respective predicted value is generated (e.g. using motion compensated prediction) for each sample in a template region adjacent to the current block. Once the predicted values are generated for each sample in the template region, a process is invoked to determine a template-based inter prediction parameter by using predicted values in the template region and sample values the reference picture. This process can be invoked without waiting for reconstructed sample values in the template region. Template-based inter prediction of the current block is then performed using the determined template-based inter prediction parameter.