12877 Serenity Dr, Frisco, TX 75035
3 beds · 3 baths · 2,354 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautifully upgraded 3-bedroom, 2.5-bathroom home, perfectly situated on a spacious corner lot in the heart of North Frisco. Just south of Panther Creek and minutes from Eldorado and Preston, this home blends style, comfort, and convenience in one of Texas’ most desirable locations. Inside, you'll find a thoughtfully designed layout with a fresh, full interior paint job that brightens every space. The open-concept living area is perfect for hosting gatherings, while the kitchen offers plenty of counter space and room to create your culinary masterpieces. The primary suite has been meticulously updated, featuring a luxurious frameless glass shower, a sleek quartz vanity with dual sinks, updated lighting, and modern white cabinetry—creating a spa-like retreat you'll love coming home to. The home also boasts upgraded lighting fixtures throughout, adding a contemporary touch to its inviting atmosphere. The two additional bedrooms provide comfort and versatility, while the backyard offers a welcoming space for outdoor relaxation or entertaining. This home’s location is the ultimate bonus. Nestled in the highly acclaimed Frisco ISD, it provides access to top-rated schools, while being minutes away from premier shopping, dining, and entertainment options. For golf enthusiasts or those seeking world-class experiences, the PGA Headquarters is just a short drive away, offering everything from championship courses to exceptional events. Info herein deemed reliable but not guaranteed, agents and buyers to verify.
Source: NTREIS #20825996
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20825996
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 and Equal Opportunity Act.