1603 N College St, Mckinney, TX 75069
4 beds · 2 baths · 1,743 sqft
LIVE, LAUGH & LOVE! Memories await you in this recently UPDATED, 4 bedroom, 2 bathroom home located steps from all the places you love to frequent in downtown McKinney! A contemporary, wood and glass door greets you and wood-look, ceramic tile flooring leads you to the recently remodeled kitchen. Modern design elements like brushed brass, gold-tone cabinet pulls floating amidst a sea of deep blue cabinets, new tile backsplash and island with new cooktop make the kitchen a stunning centerpiece for the home! The huge walk-in pantry with folding barn doors means you have plenty of space for additional necessities that you use! Storage abounds at every turn in this home from the walk-in closets in the 4 spacious bedrooms to the hall closets and there are built-in, overhead storage racks in the garage! One of the 4 bedrooms can easily be converted to a home office, workout room, craft room or guest room! Natural light flows seamlessly into the home making the space feel very open and inviting! A new back door with built-in blinds was just installed in the family room allowing you to observe nature close up as you watch the leaves change with each season! The exterior trim, gutters and garage door were recently painted a beautiful shade of gray, the front yard has a low maintenance ground cover that grows back lush year after year and there's no HOA! The oversized backyard is a blank canvas that can bring enjoyment all year round! The backyard is also accessible from the back drive and there's a wide gate along the back fence that when opened fully provides room for an RV, boat or dually! Conveniently located in close proximity to all that downtown McKinney has to offer as well as shopping, dining, grocery stores, freeways and zoned for McKinney ISD! If you've been looking for that special place to LIVE, LAUGH & LOVE...This is it! Welcome Home!
Source: NTREIS #20759996
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20759996
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: #20759996
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.