1722 Port Royal Ln, Frisco, TX 75036
3 beds · 2 baths · 2,350 sqft
Fabulous Martin Ray plan with ALL the Upgrades and the Home has its own Generator. Fully Fenced for your Fur Babies. Gorgeous open floor, plenty of light with three FULL bedrooms PLUS a study. Bonus extended Sunroom with outdoor covered deck with built in kitchen grilling area. Storage galore in this home with a kitchen island that can be used for a buffet and a formal dining room. Cabinets have pull out drawers, and a coffee bar with a huge walk-in pantry make this chef's kitchen a delight to entertain in. Beautiful Chandelier in the dining room enhances the dining area. Fireplace located in living area is cozy during those cold winter nights. Ceiling fans, decorative trayed ceilings with crown molding in living room and primary bedroom. All window treatments included. Residents of Frisco Lakes enjoy first-class amenities including three state-of-the-art amenity centers, three fitness areas, one indoor pool and spa and three outdoor pools, four tennis and eight pickleball courts, scenic walking trails around Del Webb and Lake Lewisville. The active social calendar gives you plenty of opportunities to meet neighbors and make new friends. With on-site dining, weekly happy hours, and over 150 clubs and activities to join, you'll never be bored! This is an exceptional opportunity to secure the lifestyle you deserve. Enjoy the many amenities found at Frisco Lakes, it is like a Cruise Ship on Land!
Source: NTREIS #20870043
Financials
Source: NTREIS #20870043
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.