4949 Parrington Dr, Princeton, TX 75407
4 beds · 2 baths · 1,838 sqft
Step into a home that radiates style, comfort, and sophistication from the moment you walk through the door. With an extensive list of upgrades, this residence is designed to impress. Gorgeous wood-like floors and high ceilings create a warm and inviting ambiance, while the open layout allows natural light to flow effortlessly throughout the space. The kitchen is a true centerpiece—sleek, elegant, and thoughtfully designed. Modern cabinetry, granite countertops, a bar-top island, and stainless steel appliances make it perfect for entertaining guests. Each detail reflects both elegance and functionality. Retreat to the master suite, where comfort meets grandeur. This royalty-inspired space features a large walk-in closet, a glass-enclosed walk-in shower, and a double vanity that adds convenience to everyday living. Every room in the home carries the same attention to detail and elevated living experience. Outside, you’ll enjoy a beautifully landscaped yard and a peaceful setting—perfect for relaxing after a long day or enjoying weekend mornings on the patio. Spacious backyard perfect for relaxing, hosting gatherings, or creating your dream outdoor living space. All of this is located within the Bridgewater community in Princeton, TX, a master-planned neighborhood offering resort-style amenities. Residents have access to two amenity centers featuring sparkling outdoor pools, a state-of-the-art fitness center, and a clubhouse. The community also boasts a park, playground, dog park, and scenic walking trails. For those who enjoy outdoor recreation, Bridgewater includes a tranquil pond and even a manmade beach for relaxation. Families will appreciate the convenience of an on-site elementary school, while Princeton’s small-town charm and proximity to Lavon Lake and Bratonia Park provide ample opportunities for outdoor activities. Plus, with Downtown McKinney and the Allen Outlets just 20 minutes away, shopping and dining options are always within reach.
Source: NTREIS #20880519
Financials
Source: NTREIS #20880519
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.