1762 Ellington Dr, Celina, TX 75009
5 beds · 5 baths · 4,365 sqft
This Light farms beauty is ready for you! Immaculate, like new, stunning North Facing customized Dree's home in the highly sought after Light Farms community is complete with 180 degree water & greenbelt views! Located in the highly desirable Prosper ISD, this immaculate 5 bedroom 5 bathroom home encompass everything you could be looking for in your new home. Soaring ceilings greet you upon entry with loads of natural light; a curved staircase with wrought iron balusters, wood caps & risers capture your eye every time along with the engineered hardwood floors that sprawl the first floor. A gourmet kitchen with large island, large walk-in-pantry, coffee bar AND butler's pantry. Gas cook top with custom vent-a-hood that vents to the outside & eat in kitchen breakfast area with lake views. There's 2 bedrooms down, plus an office & formal dinning room, oversized utility room with sink, MUD room and second office area. Enjoy the master bathroom's spa like feel, with a large soaking tub, separate seating area & large walk in shower complete with separate vanities. Granite countertops & undermount sinks in all the bathrooms; this home is loaded with upgrades. The open concept floor plan, with natural light, showcases an oversized living room with a stone fireplace, custom built in shelving & custom ceiling beams throughout. Upstairs hosts 3 bedrooms, 3 bathrooms, a large game room & large media room. 3 car garage, screened in covered patio with fireplace PLUS extended patio to enjoy the evenings with the 180 degree water & greenbelt views. Under builder warranty until 2032; Neighborhood has several community pools, parks, playgrounds, walking & biking trails, pickleball courts, workout facilities...There's so much more to discover! Seller's are very motivated & open to all offers.
Source: NTREIS #20735963
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20735963
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: #20735963
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.