2516 Lakeside Dr, Providence Village, TX 76227
4 beds · 4 baths · 3,600 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home—where luxury living meets everyday comfort. Built in 2018, this stunning 2-story residence sits on one of the largest lots in the community and is one of only four homes in the entire neighborhood featuring this rare and desirable floor plan. Nestled in a sought-after area with scenic walking trails, peaceful parks, and a tranquil pond, the home offers the perfect blend of space, style, and convenience. Step inside to an open, light-filled layout designed with modern living in mind. The spacious living room flows effortlessly into a dedicated home office—ideal for remote work or study—while the generously sized primary suite on the main level provides a private retreat. At the heart of the home, the chef-inspired kitchen offers abundant counter space, sleek cabinetry, and thoughtful design elements that make both daily life and entertaining a breeze. Upstairs, enjoy a large media room, a separate game room, three additional bedrooms, and two full bathrooms, giving everyone their own space to relax and recharge. Outside, the resort-style backyard is a true showstopper. Completed in 2021, the heated swimming pool features a cascading waterfall, a water slide, a jumping rock, a grotto hideaway, and a tanning ledge for sun-soaked lounging. Paired with a hot tub, a fully equipped outdoor kitchen, and a covered patio, this backyard oasis is perfect for entertaining or unwinding in total privacy. Conveniently located just minutes from retail shopping, dining, and entertainment, this home also offers unbeatable access to local attractions—only 15 minutes to the PGA Headquarters, 20 minutes to the new Universal Kids Park in Frisco, and under 30 minutes to The Star, home of the Dallas Cowboys. Don’t miss this rare opportunity to own one of the most exclusive and feature-packed homes in the neighborhood—schedule your private showing today!
Source: NTREIS #20903691
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20903691
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 and Equal Opportunity Act.