12701 Seagull Way, Frisco, TX 75036
3 beds · 2 baths · 1,606 sqft
Don't miss this charming home in Hidden Cove Subdivision – Near Hidden Cove Marina! Welcome to this beautiful 3-bedroom, 2-bathroom home located just minutes from Hidden Cove Marina in West Frisco. With 1,606 square feet of thoughtfully designed living space, this home offers a perfect blend of comfort and functionality. Step inside to discover a split floor plan, offering privacy for the primary suite while providing plenty of space for family and guests. The living areas are enhanced by stylish laminate wood flooring, extending from the hall into the primary bedroom, creating a warm, welcoming atmosphere. Ceramic tile is featured in all wet areas, ensuring easy maintenance throughout the home. The heart of the home is the updated kitchen, which boasts brand-new Samsung Double Oven with Convection, a Samsung Convection Microwave, high-end KitchenAid Dishwasher, and an insulated garbage disposal. Additionally, the kitchen has been expanded with an extra six feet of upper and lower cabinetry, providing more storage and counter space for all your culinary needs. The backyard is a true highlight, featuring a spacious 24 x 24 deck, ideal for outdoor entertaining or simply relaxing. Solar screens are installed throughout the home, helping to reduce energy costs while keeping the interior cool and comfortable. For added peace of mind, a whole-house surge protector ensures that your electrical devices stay safe. This home is perfect for anyone seeking a peaceful, well-maintained retreat with modern conveniences and proximity to the lake and marina. Don't miss out on this fantastic opportunity! Minutes from Little Elm, Frisco or The Colony so you can enjoy the shopping and entertaining nearby. Live life outdoors at Hidden Cove Marina with an annual pass which features walking, biking, hiking, kayaking, boating, swimming, and gazebos for picnics.
Source: NTREIS #20851357
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20851357
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.