3003 Winchester Ave, Melissa, TX 75454
3 beds · 2 baths · sqft
This super stunning, 1 owner home is just SPARKLING! Sip your morning coffee on the front porch, then take a step inside this bright, spacious atmosphere that is sure to bring the COZY to your holidays this year! JUST IN TIME for all of the family festivities, you can add Fun by the Fireplace to the list this year! Lovely floorplan boasts a welcoming foyer with art niche leading into the living room. The timeless archways surrounding the openings to the lifestyle space are one of the many key features! The Kitchen is the pinnacle of this home boasting ss GAS appliances, beautiful solid granite counter tops, bay window in the breakfast nook and plenty of pantry and cabinet storage. Two bedrooms toward the front of the home featuring a luxury inspired hall bath which ensures you will enjoy the peace & quiet in the Extra-Large Primary, quietly nestled toward the rear of the home. Imagine being able to hide away from the day and relax in your garden tub! Location is everything here, with Hwy 5, I-75 & Hwy 121 all being within minutes reach and the express of the Collin County Outer Loop, getting you to where you need to go, faster! Walking distance to the 5 STAR rated North Creek Elementary School! NO Mud or Pid means LOW TAXES! Assumable FHA assumable available. Schedule your tour today!
Source: NTREIS #20783937
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20783937
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: #20783937
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.