Welcome to 13674 Carmenita Drive in the heart of Frisco—a home that feels elevated, intentional, and beautifully designed for the way families truly live. From the moment you walk in, the natural light immediately sets the tone. Expansive windows and soaring ceilings create a bright, open atmosphere that feels both luxurious and welcoming. The layout is exactly what today’s buyer is looking for—open where you want connection, yet thoughtfully designed to offer privacy and quiet when it matters most. Every finish throughout the home reflects quality. The upgrades were carefully selected, timeless rather than trendy, creating a polished aesthetic that will age beautifully. The kitchen anchors the home perfectly, opening seamlessly to the living and dining spaces, making it ideal for hosting, holidays, or simply enjoying everyday moments together. The primary suite is a true retreat—spacious, light-filled, and calming—with a spa-inspired bath that feels restorative at the end of a long day. Upstairs you have 3 bedrooms with a playroom and separate media room. Step outside and you’ll appreciate what truly elevates this property: the neighborhood. The community amenities are exceptional, designed for connection and lifestyle. Beautiful green spaces, gathering areas, and recreational features create an environment where neighbors become friends and afternoons naturally extend outdoors. Located in one of Frisco’s most sought-after areas, you’re minutes from premier shopping, dining, and top-rated schools, yet tucked into a neighborhood that feels peaceful and established. Prosper ISD
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.
