Located in Winchester Crossing in Princeton, TX, this single-story home built in 2022 offers a functional layout, modern finishes, and low-maintenance living just minutes from US-380 with easy access to McKinney and major commuting routes. This 3-bedroom, 2-bath home features a split-bedroom floor plan for added privacy, with the primary suite tucked away from secondary bedrooms—ideal for everyday living or hosting guests. The open-concept living, kitchen, and dining area creates a seamless flow, perfect for entertaining or relaxed nights at home.The kitchen is designed for both style and function, complete with a large center island, gas range, stainless steel appliances, and ample counter space—a great setup for cooking, gathering, or working from home. The primary suite offers a spacious retreat with a well-sized bedroom and private bath, while secondary bedrooms provide flexibility for guests, a home office, or additional living needs. Additional features include: - Energy-efficient construction (2022 build) - Central HVAC + insulated windows for year-round comfort - High-speed internet availability - Attached garage + modern systems throughout Enjoy the curb appeal of attractive brickwork, a welcoming covered entry, and manicured landscaping. The property features a two-car garage, newly added backyard storage shed, fenced backyard for outdoor fun, and a spacious lot—ideal for pets or gardening enthusiasts. Located close to local schools, parks, and has easy access to Hwy 380. This vibrant Princeton neighborhood includes perks such as 3 community pools, a playground, and several walking trails nearby with beautiful pond views. Don’t miss this opportunity to settle into a move-in-ready home that combines functionality, comfort, and modern style in a new friendly Texas community.
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.
