5801 Wight St, Plano, TX 75093
5 beds · 4 baths · 3,732 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This luxury home is positioned majestically on a corner lot in prestigious West Plano. Step inside to find an open floor plan with high ceilings, new chandeliers, hardwood floors and dramatic staircase (all remodeled 2022). Just past the front formal dining and living areas is a full guest bath and 5th bedroom (most recently used as a study). Upon entering the kitchen (remodeled 2022) you will find a 9-foot island with space for casual meals & gatherings, topped with beautiful Taj Mahal quartzite natural stone, a gas cooktop (2022), and back staircase. The wood flooring extends into the family room (remodeled 2022) with extra high ceilings, natural wooden beams and mantel, updated fireplace, surround sound and separate wet bar with fridge. There is ample room for a large tv, and other electronic equipment; wiring connects to indoor & outdoor speakers – all perfect for entertaining. The backyard oasis features a sparkling custom pool and spa, a country fire pit with gas line, and high fence providing complete privacy. The house is designed so the formal, dining, stairs, kitchen, bar, primary, and bath all have views of the pool and spa. The primary bath is large enough to be adapted to fit the new owner’s taste. Upstairs has 3 bedrooms, 2 full bathrooms, and a large game room with surround sound and 3 TV’s used by former Dallas Mavericks’ basketball GM to scout for talent. Plantation shutters are installed on all windows. Within two short blocks are 3 highly rated West Plano K-12 schools and a large park for sports, with 3 jungle gyms for the littler ones (2 installed 2024). Adjacent to the park is the 2-story Tom Meulenback rec center with complete fitness, indoor track, courts, & pool. This is a uniquely beautiful home you don’t want to miss!
Source: NTREIS #20865716
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 #20865716
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.