10176 Plainsman Ln, Frisco, TX 75035
4 beds · 3 baths · sqft
Nestled in a desirable neighborhood in Frisco, this charming Darling Home boasts a timeless brick & stone façade with a welcoming covered porch. The Foyer greets you with soaring ceilings, arched doorways, & hand-scraped hardwood floors. The spacious Living Rm features a cast-stone fireplace & built-in entertainment cabinet, with large windows offering backyard views. Adjacent is a stunning Kitchen with an oversized island, granite countertops, custom cabinetry, stainless steel appliances, & a gas cooktop. A casual Dining Area connects the Kitchen & Living Rm, perfect for everyday meals. Off the Foyer, a private guest Bedrm with a full Bathrm provides convenience for guests, while the inviting formal Dining Rm creates a welcoming atmosphere, with natural light streaming in through double doors that open onto the charming front porch. Either of these spaces could easily be used as a home office, providing versatility to suit your needs. The Primary Bedrm on the first floor features tray ceilings, large bay-style windows, and a cozy sitting area. The en-suite Primary Bathrm includes a spa-like jetted tub & dual. The large walk-in closet is designed with a his-and-hers configuration, providing ample space for storage. The upstairs landing offers a versatile space with built-in cabinets & a built-in desk. The second floor also includes two Bedrms with walk-in closets & a Jack-and-Jill Bathrm, a cozy Game Rm, & a separate Media Rm. The Backyard is a private oasis with a covered patio, lush landscaping, & a seating area. The oversized two-car garage provides plenty of rm for parking & storage. Located in a welcoming community, this home is down the street from Tadlock Elementary, a highly rated school. The neighborhood offers a range of amenities, including a community pool, playgrounds, a pond, & walking trails. Coyote Crossing Park, situated at the end of the street, provides additional opportunities for recreation.
Source: NTREIS #20790649
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20790649
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #20790649
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