Welcome to this beautifully maintained 2016-built home in the highly sought-after Fossil Creek at Westridge (Phase 3) neighborhood of McKinney. With 3 bedrooms, 3 baths, and approx. 2,223 sq ft, this residence delivers an ideal combination of modern comfort and classic design. Step inside to a open floor plan featuring a spacious living area with a cozy fireplace and ceiling fan, seamlessly flowing into the eat-in kitchen that boasts granite counters, a pantry, gas cooktop & oven. This home also showcases several thoughtful upgrades including a spacious kitchen island with six white leather chairs, a custom-built second eating island, glass-front cabinet, under-cabinet lighting, and a beautifully designed fireplace accent wall. Additional enhancements include a chandelier in the foyer, pendant lighting upstairs, & a modern vanity added to the half bath. The primary suite is located on the main level for convenience and privacy, with two additional bedrooms upstairs along with a generous game room— perfect for a media space, playroom, or home office. Outside, the home sits on a 4,530 sqft lot with a fenced backyard (wood fence) and a covered patio — ideal for relaxing evenings or entertaining friends & family. The two-car attached garage plus additional on-street and driveway parking spaces. Located in the coveted Prosper ISD school zone (Jack & June Furr Elementary – Bill Hays Middle – Rock Hill High). With an annual HOA of approximately $415 and community amenities including a pool, sidewalks, and clubhouse, this community continues to grow in demand. For added value, the home is just 14 minutes from the new Universal Kids Resort coming to Frisco in 2026, offering exciting entertainment access and future area appreciation. Whether you’re a first-time home-buyer, relocating family, or someone seeking a smart investment, this home offers exceptional value with a blend of quality, comfort, and location. Don’t wait — schedule your showing today.
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.
