Move-In Ready Luxury in Prime Bridgewater Location! Skip the wait and enjoy the best of both worlds with this pristine 2024 Lennar-built single-story home at 5135 Bancroft Drive in Princeton, Texas. Nestled on an oversized corner lot, this Rosso Floorplan offers 2,371 sq. ft. of thoughtfully designed living space with four bedrooms and three full bathrooms—perfect for families, multi-generational living, or hosting guests. The home features two primary suites, including a secluded rear suite for ultimate privacy and a front suite with an ensuite bathroom—ideal for visitors or extended family. The open-concept heart of the home seamlessly connects the kitchen, dining, and living areas, creating a welcoming space for everyday living and entertaining. The gourmet kitchen boasts a center island, walk-in pantry, stainless-steel appliances, and quartz countertops, while the living room is centered around a cozy fireplace. A versatile flex room adds functional space for a home office, media room, playroom, or even a 5th bedroom, and dual hot water heaters ensure comfort and convenience for the entire family. Premium upgrades set this home apart, including 2-inch wood blinds, upgraded fans, extra shelving added to all bedroom closets, a screen storm back door, decorative brick edging around the flower beds, a new magnolia tree added to the front yard, an extended epoxy-coated back patio, front porch, and garage floor, plus a large storage shed. Every detail has been designed for style, comfort, and ease of living. Enjoy resort-style community amenities including two pools, a clubhouse, fitness center, basketball courts, miniature golf, and scenic trails—right in your backyard. With move-in readiness, high-end finishes, and a prime location, this home offers everything new construction promises—without the wait. 5135 Bancroft Drive isn’t just a house; it’s your next home. Schedule your tour today and see why this one-year-old beauty outshines new builds!
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.
