3305 Heritage Dr, Melissa, TX 75454
4 beds · 4 baths · 2,819 sqft
BEAUTIFUL TRADITIONAL CRAFTSMAN STYLE HOME BUILT BY DREES CUSTOM HOMES IS WITHIN WALKING DISTANCE TO THE ELEMENTARY SCHOOL, COMMUNITY POOL AND PARK... ALL WHILE LOCATED IN THE 535 ACRE MASTER PLANNED COMMUNITY OF LIBERTY!! Welcome your guest to an open foyer which includes decorative lighting and nail down distressed hardwood flooring that run from the front door to the back door. Impressive finish out is evidenced in the thick baseboards, crown moulding, barreled arches, custom fireplace mantle with fluted legs and raised brick hearth. This open kitchen concept will bring out the culinary artist in you which includes granite countertops, diagonal laid tumbled stone backsplash, 30 doors and drawers, stainless steel appliances to include double ovens and gas cooktop. The primary bedroom downstairs is split from the study and family room which adds extra privacy. Action packed game room upstairs has plenty of space for billiard, ping pong, air hockey or poker. The game room opens to the media room, which is a great flex space that could be used as a second study or exercise room. Nice sized secondary bedrooms upstairs feature walk in closets, jack and Jill bath connecting to two bedrooms and a full hall bath. Upstairs loft can be used for an additional desk and book selves. Enjoy private outdoor living with the oversized covered patio with fireplace and plenty of backyard for a future pool, swing set or a putting green. A MUST SEE TO APPRECIATE!!!
Source: NTREIS #20896894
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 #20896894
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.