3821 Independence Way, Princeton, TX 75407
4 beds · 3 baths · 2,706 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Spacious 4 Bedroom Ranch on One Acre, No HOA! Discover comfort and space in this warm and inviting 4 bedroom, 2 and a half bath, ranch style home set on a full acre with no HOA restrictions. With the perfect mix of privacy, functionality, and charm, ideal for families, hobbyists, or anyone looking for room to breathe. Step onto the covered front porch and immediately feel at home. Inside, you'll find a large open-concept living area with natural wood cabinets, wood-look ceramic tile, floor to ceiling stone fireplace, new carpet, and elegant crown molding throughout and a gorgeous stone wood burning fireplace with a raised hearth. Tons of windows let in natural light. The kitchen is loaded with cabinet space, making it as practical as it is attractive. Whether you're gathering around for weeknight meals or hosting dinner parties, the breakfast room and formal dining area give you flexible options. The bedrooms are a split arrangement providing privacy for the primary suite. A large primary bedroom features a pretty bay window and bath with oversized walk in shower, garden spa tub and two large walk in closets. Secondary bedrooms are generously sized, offering comfort and versatility for guests, a home office, or room for a growing family. Out back, the expansive covered patio is ideal for outdoor dining, barbecues, or just enjoying peaceful evenings. Need space for vehicles, tools, or hobbies? The oversized 3-car garage has you covered and can handle 3 full size vehicles with plenty of storage and workspace. This home is move-in ready and offers the kind of space and freedom that's hard to find. There is a 16x32 ft mini barn style storage shed and horse fence for keeping pets and little ones safe. The attic is insulated, heated and cooled. Showings will begin on Friday. *new shower door will be installed the week of April 21.
Source: NTREIS #20897545
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 #20897545
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.
