2949 Mandalay Dr, Little Elm, TX 75068
3 beds · 2 baths · 2,324 sqft
Welcome home to this impeccably maintained one-story gem in the heart of Frisco, where comfort meets style! Boasting 3 bedrooms, 2 baths, a formal living and dining area, plus a versatile game room or study, this residence offers space for every lifestyle. Nestled within the exemplary Frisco ISD, it’s perfect for families seeking top-tier education. Step inside to tiled flooring flowing seamlessly throughout, complemented by decorative lighting and energy-efficient acrylic double-pane windows that bathe the home in natural light. The wrought iron doors add a touch of elegance, while the open layout invites you to explore. The dream kitchen is a chef’s delight, featuring a spacious island, sleek granite countertops, a walk-in pantry, and abundant cabinetry with stylish handles, complete with modern appliances. Unwind in the spacious living room, where a stunning floor-to-ceiling tiled fireplace creates a cozy focal point. Host unforgettable dinners in the refined dining room, perfect for entertaining. Retreat to the master suite, a true haven with a luxurious walk-in shower and generous walk-in closet—your personal sanctuary for rest and rejuvenation. Outside, the cute backyard and inviting patio beckon for relaxation or play. The community enhances your lifestyle with a pool, playground, and walking trails, all just minutes from HWY 121, DNT, and HWY 380, plus proximity to major employment hubs—ideal for convenience and connectivity.Don’t miss your chance to experience this move-in-ready masterpiece—schedule your showing today and see why this home is the one you’ve been waiting for!
Source: NTREIS #20858995
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 #20858995
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.