Located in the sought-after Grayhawk community and zoned to acclaimed Frisco ISD, this beautifully maintained 3-bedroom, 2-bath home offers comfort, convenience, and an unbeatable location in the heart of North Frisco. Nestled within an established neighborhood known for its welcoming atmosphere and community amenities, 13348 Mondovi Dr combines timeless charm with everyday functionality. Step inside to discover an inviting floorplan designed for both relaxed living and effortless entertaining. The spacious living area is anchored by a cozy wood-burning fireplace, creating the perfect focal point for gatherings or quiet evenings at home. The thoughtfully designed layout includes a designated dining space ideal for hosting dinner parties, holiday meals, or casual weeknight dining. The kitchen offers ample cabinetry, generous counter space, and seamless flow into the main living area, making daily living both practical and enjoyable. The private primary suite provides a peaceful retreat with an en-suite bath and spacious closet, while two additional bedrooms offer flexibility for guests, a home office, fitness room, or creative space. The rear-entry garage adds curb appeal and functionality, providing additional privacy and enhanced exterior aesthetics. Residents of Grayhawk enjoy access to community amenities, walking trails, parks, and pools, all contributing to the highly desirable lifestyle this neighborhood is known for. Location is everything, and this home delivers exceptional access to some of North Texas’ most exciting destinations. Conveniently situated near the PGA Headquarters, Universal Studios, Lewisville Lake, premier shopping, and dining, there is always something nearby to explore. Commuters will appreciate the easy access to the Dallas North Tollway, HWY 380, HWY 121, and I-35, making travel throughout the Metroplex simple and efficient. This is an incredible opportunity to own a well-appointed home in one of Frisco’s most desirable communities.
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.
