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$489,000 SIGNIN

Sign in to see required down payment for the 2.99% rate

4821 Paddock Trl, Carrollton, TX 75010

3 beds · 3 baths · 2,259 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Exquisitely designed townhome in The Reserve on Parker! This Highly Coveted Corner unit is flooded with natural light! You'll love the expansive living and dining areas adjoining the finely appointed kitchen, which features gleaming white cabinetry, rich granite, and a gas cooktop! More than ample storage plus a corner walk-in pantry! The large island offers a deep stainless steel sink with a tall custom faucet and a breakfast bar for quick bites! Beautiful and Easy maintenance Wood-Look tile flooring downstairs! The private and spacious Primary Bedroom upstairs features a spa-like ensuite and two oversized walk-in closets! A great 13 x 9 loft is perfect for an office or entertainment area! The two guest bedrooms have large walk-in closets! One bedroom is 14 x 11 and has Luxury Vinyl Plank flooring and could alternately be a media room, studio, or private study! The spacious upstairs laundry room has a huge walk-in closet for storage. Additional storage is a large closet under the stairs! The oversized garage is 23' wide and has extra storage room along the sides. This perfect location is just Minutes to Frisco, Plano, and The Colony shopping, dining, and Grandscape Entertainment! Very near major highways with direct access to downtown Dallas and both DFW and Love Field airports!

Estimated
Seller's interest rate
2.99%
7%
Estimated
Monthly payment

$2,578
$3,303
You may also save up to $227,602 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $3,303 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
2.99%
Remaining term
26 yrs and 2 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,578
Principal & interest
$1,412
Mortgage insurance
$237
Property taxes
$123
Home insurance
$419
HOA fees
$385
Utilities
Not included

Source: Public records

Home details
Size
2,259 sqft
Lot size
0.072 acres
Year built
2018
Type
Townhouse
HOA dues
$385.00

Source: NTREIS #20896428

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 10, 2025 12:39 am
Listing agent: Violet Dugas
Listing provided courtesy of: Ebby Halliday Realtors (972) 539-3000
Details provided by NTREIS and may not match the public record.
MLS ID: #20896428
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
$2,578
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