2417 Wrexham Dr, Mckinney, TX 75071
4 beds · 4 baths · 3,027 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Located in the sought after Live Oak Creek in McKinney, TX. Over 80k+ in EXTERIOR and $56k+ in INTERIOR options! This home is immaculate and pristine situated on a lot premium! Heavily landscaped and manicured front yard offers brick & stone combo with stone flower beds and a spacious porch for morning coffee! This home has an open concept floorplan with ample windows for all the natural lighting desired and plantation shutters! Massive gourmet kitchen with upgraded quartz counters, large center island, SS appliances & under cabinet lighting, oversized pantry, and more! Primary features an ensuite bath with an oversized shower and WIC. Masterpiece outdoor oasis is simply beautiful and the perfect place to relax! LARGE detached gazebo with an outdoor kitchen, sitting area, and a calming fireplace for a movie night! Shed has power and is the perfect place for tools or hobby space! Paver walkway connects the entire front to back. All upgraded landscaping installed with french drains. Garage boasts epoxy flooring. All exterior and interior options and upgrades are listed - SEE attachments for all. Class IV hail & impact resistant shingles installed in 2017 with paperwork for ins. savings! No detail left untouched! Conveniently located in the heart of McKinney, TX. Collin College campus within walking distance! Minutes from any shopping, dining & entertainment desired. Come see this beautiful home! OPEN HOUSE Mar 22 & 23 from 12-2 PM!
Source: NTREIS #20873287
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20873287
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 of Equal Opportunity Act.