Welcome to your dream home in the coveted Artesia community of Prosper, TX! ? Just minutes from the Dallas North Tollway and the brand-new PGA Headquarters, this home offers the perfect blend of convenience, lifestyle, and luxury. You’ll love being close to Stonebriar Mall, The Gates of Prosper, Legacy West, and Frisco Square—everything you need for shopping, dining, and entertainment is right at your fingertips. Step inside to an open, light-filled layout featuring 2 bedrooms and 2.5 baths on the main level, plus 2 additional bedrooms, a spacious game room, and a media room upstairs—perfect for movie nights or playtime. The stylish kitchen is a true centerpiece with stainless steel appliances, a large island, and a chic backsplash, flowing seamlessly into the cozy living room complete with a warm fireplace. Outside, you’ll find a covered patio with a charming pergola, ideal for entertaining or simply relaxing. The large fenced backyard provides plenty of room for gatherings, play, or even a future pool. Life in Artesia means enjoying resort-style amenities including a clubhouse, fitness center, resort pool, splash park, playgrounds, and scenic trails. The community is known for its vibrant spirit, hosting seasonal festivals, neighborhood block parties, holiday events, and more. Plus, with top-rated Prosper ISD schools and a wide array of youth and adult athletic programs through the Prosper Park District, there’s something here for everyone. This home does qualify for down payment assistance if you qualify. Income limit is $117,300 for 1-2 people and $143,895 for 3 or more living in the house. Please ask your lenders or we can connect you with one to provide more information. If you’re looking for a home that blends comfort, community, and convenience—all in one of Prosper’s most desirable neighborhoods—this is the one! Don’t miss your chance to make it yours!
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.
