4405 Cannock Dr, Mckinney, TX 75070
6 beds · 4 baths · 3,584 sqft sqft
$100,000 in fabulous upgrades! 6 bedrooms, 4 baths, 2 laundry rooms! $50,000 kitchen with lighted soft-close drawers! $30,000 backyard paradise with shaded Pergola, insect-free luxury backyard turf, and wired and ready for a hot tub! Master bedroom AND guest bedroom on the main level! The subdivision has a large pool and a playground. This beautiful home features 6 bedrooms and 4 baths complete with a welcoming covered front porch and ceiling fans in all bedrooms, office and game room. The main level includes the master suite, a second bedroom and bath, making it ideal for guests or family. There is also a dedicated office space. Both the dining rooms and the breakfast area are easily accessible from the kitchen, making it great for hosting large activities. The updated island kitchen is a chef's dream, showcasing stunning bright white cabinetry, granite countertops, and a stylish tile backsplash. Enjoy the convenience of soft-close drawers that light up upon opening, as well as an extended kitchen with a butler's pantry and a huge walk-in pantry. The master suite was completely renovated in 2023, boasting a custom feature wall, sitting area, and much more! Upstairs, you'll find a spacious game room leading to a large storage closet that’s already plumbed for a second washer and dryer. This home also has many innovative storage options that maximize usable space. Step outside to the backyard, which boasts a large pergola,pre-wired hot tub connection, and low-maintenance synthetic turf for year-round enjoyment. With a brand-new HVAC system installed in 2023, this home is as comfortable as it is stylish. It’s also conveniently located just a short walk from the highly rated elementary school, with nearby shopping and dining options, plus quick access to Hwy 121-SRT. This property is perfect for families seeking space and modern amenities!
Source: NTREIS #20767423
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20767423
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: #20767423
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.