2801 Willow Ln, Melissa, TX 75454
4 beds · 4 baths · 3,121 sqft
This spacious 4-bedroom, 3.5-bath home is loaded with features and thoughtfully designed for modern living. Upstairs, a versatile game room offers endless possibilities for entertaining, play, or relaxing movie nights. Step inside to discover abundant natural light and an inviting layout. Just off the entry, a flex room or home office provides the perfect space to work, create, or unwind. The kitchen is a dream, featuring tile floors, an oversized granite island, a walk-in pantry, gas range, gray tile backsplash, and a cozy eat-in area—ideal for casual meals and conversation. The open-concept living room offers seamless flow and overlooks the backyard, making it great for gatherings. The spacious primary suite is a true retreat, leading to a luxurious ensuite bath with a soaking tub, custom-tiled walk-in shower, double vanities, and a generous walk-in closet. Upstairs, you’ll find three large secondary bedrooms, a full bath, and the roomy game room—perfect for whatever your lifestyle needs. Located in the amenity-rich North Creek community, residents enjoy access to a community pool, playgrounds, scenic ponds, clubhouse, and fitness center. With restaurants, shopping, and an elementary school just blocks away, this home truly has it all!
Source: NTREIS #20885512
Financials
Source: NTREIS #20885512
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.