1368 Francesca Dr, Little Elm, TX 75068
4 beds · 3 baths · 2,143 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home! Built in 2019 and perfectly positioned on a sprawling corner lot, this beautifully designed single-story residence offers a seamless blend of modern comfort and timeless charm. Nestled in a peaceful, well-maintained neighborhood, it’s the ideal setting for creating lasting memories. Step through the inviting entryway, where soaring ceilings, graceful archways, and rich wood-look tile flooring set the tone for the warmth and elegance found throughout the home. The formal dining room, conveniently located off the entrance, is the perfect spot for festive gatherings! Continue down the wide central hallway to discover the heart of the home — a spacious, light-filled living area that effortlessly flows into the kitchen and breakfast nook. The kitchen boasts sleek countertops, ample cabinetry, and a large center island, making it a chef’s delight. Just beyond, the covered patio invites you to relax and enjoy the fresh air, overlooking the expansive, fully fenced backyard. With one of the largest lots in the neighborhood, the outdoor space is brimming with potential — imagine weekend barbecues, or even your future dream pool. The primary suite is a true sanctuary, featuring vaulted ceilings and a picturesque view of the backyard. The en-suite bath offers the luxury of dual vanities, a soaking tub, a separate glass-enclosed shower, and an oversized walk-in closet. Three additional bedrooms provide flexible options for family, guests, or a home office, all served by two well-appointed full bathrooms. Plus, a convenient powder room ensures comfort for visitors. Practicality meets style with a dedicated laundry room, ample storage, and a functional layout designed for both daily living and effortless entertaining. Residents enjoy HOA amenities, including a pool and playground for family fun. Plus, the lake and public boat ramp are less than a mile away, perfect for fishing, boating, and outdoor adventures!
Source: NTREIS #20887312
Source: NTREIS #20887312
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.