3536 Cheney Ave, Celina, TX 75009
4 beds · 4 baths · 3,088 sqft
Secure this home's 4.125% INTEREST RATE assumable mortgage and save thousands annually! 3536 E Cheney isn’t just your next address - it’s your new chapter in sophisticated living. Enjoy a fresh take on ‘modern’ as you approach this unique, corner lot, garden-style home through a picturesque courtyard. Instead of worrying about a front yard, you’ll enjoy an effortless lifestyle with HOA-maintenance of the front and communal space. For the current sellers, the open courtyard has proven perfect for making memories with neighbors, family and friends during BBQs, holiday celebrations, seasonal festivities, and impromptu get-togethers. All of that before you even step inside where you’ll be wowed by the soaring 10-foot ceilings on both the first and second floor of this spacious haven. The heart of the home is a showstopper—a gourmet kitchen—features stunning extended marble countertops, an oversized island perfect for entertaining, a KitchenAid 6-burner gas stove, all designed for the chef in you. The upgraded gold hardware and light fixtures add to the feeling of luxury. Upstairs, the game room and additional bedrooms, each with an en-suite bath, offer space for everyone to spread out and enjoy privacy. The expansive primary suite is your personal sanctuary with a custom double shower, a stand-alone tub, and even a built-in coffee bar for those slow mornings. This home is not short on smart features such as a smart security system, smart thermostats, a convenient central vacuum system, and elevated Bose and Panasonic TVs that the seller will be including. Beyond the home, Light Farms is all about lifestyle known for its 200+ events a year. Imagine spending weekends by the pool, walking the trails, or camping on-site at Constellation Park - all with Prosper ISD’s top-tier schools just a short walk away. This isn’t just a house—it’s an invitation to a life and culture rich in connection, convenience and luxury.
Source: NTREIS #20756298
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20756298
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.