Welcome to 5028 Waterway Dr. in the highly sought-after Bridgewater community in Princeton, Texas, where thoughtful upgrades meet everyday comfort in all the right ways. This beautifully updated 3 bedroom, 2 bath home feels fresh, elevated, and completely move-in ready from the moment you step inside. Luxury vinyl plank flooring flows seamlessly throughout the home, creating a clean, modern foundation that’s both durable and stylish. The kitchen, bathrooms, and living spaces shine with upgraded gold hardware and designer lighting fixtures that add warmth and personality, while carefully selected accent walls throughout bring character without overwhelming the space. The primary suite offers a peaceful retreat with, large windows, an accent wall, stunning ensuite bath, and large walk-in closet, while the secondary bedrooms provide flexible spaces with plenty of natural light, maybe even that work from home space you've always wanted. The kitchen and dining space flow effortlessly together, creating a light-filled gathering spot where upgraded finishes, and stainless steel appliances shine, a large walk-in pantry holds everything and more, making everyday meals feel special (and easier)! The living room invites you to settle in and stay awhile, with an open layout that makes hosting, relaxing, and memory-making feel completely natural. Out back, you’ll find one of the home’s standout features: an extended patio complete with a pergola, perfect for slow mornings, weekend gatherings, or winding down in the evenings. Living in Bridgewater means access to incredible community perks such as a pool, clubhouse, sand volleyball and basketball court, mini putt putt golf, park, dog park, playground, trails, and a lake! Along with convenient proximity to downtown Mckinney, making daily life feel easy and connected. This home blends style, function, and community in a way that just feels good. It’s not cookie-cutter; it’s curated, comfortable, and ready for its next chapter.
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.
