Nestled on 2.35 acres within the prestigious Thornberry Estates community, this exceptional custom residence offers a rare combination of luxury, scale, and privacy just minutes from the rapidly growing North Texas corridor. The home spans approximately 5,423 square feet and showcases thoughtfully designed living spaces tailored for both everyday comfort and sophisticated entertaining. Featuring two primary bedrooms, jack n jill bedrooms, primary bath with jetted tub and separate shower, doubling as steam room, two more full baths, one half bath, and a four-car garage, the residence provides the ideal balance of elegance and functionality. From the moment you arrive, the property's expansive acreage, mature surroundings, and impressive architectural presence create a sense of exclusivity rarely found in today's market. For horse enthusiasts, the property offers rare equestrian amenities that are increasingly difficult to find in today's market. The fenced rear acreage includes a four-stall horse shed with a dedicated tack room, providing an ideal setup for horse owners seeking convenience and functionality. At the heart of the outdoor living experience is a spectacular resort-style backyard designed to rival the finest luxury retreats. The custom pool showcases a dramatic rock waterfall, exhilarating water slide, and expansive patio areas perfect for entertaining family and guests year-round. Whether enjoying a quiet evening by the pool or hosting large gatherings, this outdoor oasis delivers an unmatched lifestyle experience. Located within the highly acclaimed Van Alstyne ISD and just minutes from the continued growth of McKinney, Sherman, Frisco, and the Dallas-Fort Worth Metroplex, this exceptional estate offers the perfect balance of luxury, convenience, and tranquility. 89 Thornwood Lane is more than a home—it is a private retreat, an entertainer's dream, and an opportunity to own one of Van Alstyne's most distinguished luxury properties.
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.
