4916 Mcclellan Dr, Frisco, TX 75036
4 beds · 3 baths · sqft
Welcome to your private retreat! This exceptional 1.5-story home combines modern living with serene privacy, offering a rare opportunity in a gated community near the lake. With its front-entry garage and a backyard that backs to lush greenery with no neighbors behind, this home is a true oasis of tranquility. Step inside to discover a thoughtfully designed floor plan that blends functionality with style. The main level features an open-concept living area bathed in natural light, making it perfect for entertaining. The chef’s kitchen boasts upgraded countertops, ample cabinetry, and modern appliances, seamlessly connecting to the dining and living spaces. The primary suite on the main level is a true retreat, showcasing serene views of the treetops, a generous walk-in closet, and a spa-like en-suite bath with double vanities, a soaking tub, and a separate shower. Two additional bedrooms downstairs offer flexibility for family, guests, or a home office. The upstairs half-story includes a fourth bedroom or bonus room—ideal for a media room, playroom, or private guest suite. The backyard is where this home truly shines. Relax on the covered patio, surrounded by the sights and sounds of nature, with the added luxury of complete privacy. With no neighbors behind, this is the perfect space for morning coffee, evening unwinding, or entertaining under the stars. Nestled in a gated community just minutes from the lake, this home offers unparalleled access to outdoor activities, including boating, paddleboarding, and serene lake views. Additional features include updated flooring, energy-efficient systems, and abundant storage throughout. Don’t miss this opportunity to own a one-of-a-kind home in a premier location! Schedule your private showing today and experience the unmatched privacy, charm, and convenience this home has to offer.
Source: NTREIS #20783373
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20783373
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: #20783373
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.