**OPEN HOUSE SATURDAY, 4-25 12PM-4PM**Welcome to a truly exceptional home that blends luxury, space, and an unbeatable lifestyle. Situated on a massive quarter acre corner lot and offering just shy of 4,000 square feet, this stunning one owner residence features 5 spacious bedrooms and 4 full bathrooms, thoughtfully designed for both everyday living and entertaining. In addition, the home offers a 3 car garage and a driveway that can accommodate up to 4 cars, providing ample parking for family and guests. From the moment you step inside, you are greeted by soaring ceilings and a beautiful grand staircase that sets an elegant tone throughout. The main level offers a functional layout with the primary suite, a private office, and an additional bedroom with a full bathroom, ideal for guests or multigenerational living. Upstairs, you will find three additional bedrooms, two full bathrooms, a spacious game room, and a media room complete with its own mini bar, sink, and mini fridge, perfect for hosting or relaxing. A versatile bonus room with a door can serve as a sixth bedroom, gym, or flex space and includes a built in cabinet with its own mini fridge. The kitchen features granite countertops, gas cooking, double ovens, and soft close cabinets, while the dining room is enhanced by a built in dry bar. Step outside to your private backyard retreat featuring a covered patio and a sparkling pool that can be heated, surrounded by beautiful landscaping and plenty of space to enjoy, a rare find for a lot of this size. Additional highlights include new carpet throughout most of the home, a Class 3 certified roof completed in 2025, double hung windows, and wiring for an EV charger. Located in highly sought after Frisco ISD and within walking distance to Miller Elementary, with easy access to Highway 423, the new HEB, shopping, and dining. This is more than a home, it is a lifestyle.
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.
