Ideally nestled within a serene lakeside community in a prime West Frisco location, this stunning single-story home offers a rare blend of peaceful living and effortless access to the vibrant lifestyle that makes Frisco one of the most desirable suburbs in the country. At you step inside, the beautifully curated open-concept layout feels both expansive and inviting, with tall ceilings and an abundance of windows that bathe the space in natural light. At the heart of the home, the chef’s kitchen blends timeless design with everyday functionality, featuring crisp white cabinetry, a gas range, generous counter space, a center island, a separate breakfast bar, and a walk-in pantry. It opens seamlessly to the casual dining and inviting living areas, where a beautifully appointed gas fireplace with a mantle creates a warm and welcoming focal point. Privately tucked away at the back of the home, the serene primary suite offers a true retreat, complete with a spa-inspired bath featuring a spacious shower, soaking tub, and large closet - creating the perfect place to unwind at the end of the day. The other two bedrooms are thoughtfully split from the master for added privacy, while a dedicated office conveniently tucked behind french doors upon entry offers an ideal setup for working from home. Step outside to a beautifully private backyard featuring a spacious covered patio and plenty of room for a pool, play, or simply relaxing in your own outdoor retreat. Outside the home, neighborhood amenities include a sparkling pool with slides, a children’s splash area, a park with playground, and lush green spaces. Enjoy being just minutes from premier dining, shopping, and entertainment, including the PGA district, the highly anticipated Fields West and Universal Kids theme park, The Star, Legacy West, Stonebriar Centre, and numerous major employment centers, with easy access to the Dallas North Tollway and Sam Rayburn Tollway for effortless connectivity across the Metroplex.
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.
