Four bedrooms, 2 full bathrooms, 1 half bathroom and approximately 3,074 square feet in Frisco Texas zoned to Frisco ISD define this two story home in Turnbridge Manor in Collin County. Built in 2003 on an approximately 0.18 acre lot, this Frisco Texas property offers convenient access to State Highway 121 while positioned within the established Turnbridge Manor community. Formal living and dining areas create defined gathering space, while the central living room connects directly to the kitchen for efficient daily flow. The kitchen provides generous counter space, storage and an adjacent dining area suited for everyday living. If you are searching for 4 bedroom homes in Frisco Texas near SH 121 with over 3,000 square feet, this layout offers functional separation across two levels. The primary suite is located on the main floor and includes dual sinks, soaking tub, separate shower and walk in closet. Upstairs, secondary bedrooms share a full bath and connect to an additional living area for media, workspace or recreation. Installed solar panels enhance energy efficiency, and a 2 car garage provides practical storage and parking. Turnbridge Manor residents enjoy access to approximately 7 acres of amenities including a community pool, splash pad, picnic areas, playground and a former limestone quarry converted into a stocked fishing pond with waterfall and fountain. Stonebriar Centre and Toyota headquarters are within a 10 minute drive, and Baylor Scott and White Medical Center Frisco is easily accessible, reinforcing convenience within Frisco Texas and Collin County. Buyers comparing newer homes in Frisco Texas may appreciate the established setting and neighborhood amenities offered in Turnbridge Manor. This property presents a balanced combination of square footage, location and community access within the Frisco Texas market. Solar panels will be paid off at closing! 3D tour available online.
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.
