6005 Eldridge Ln
Mckinney, TX 75070
4 beds · 3 baths · 3,218 sqft
$738,000
Get prequalifiedAbout this home
Welcome to your dream home nestled in the highly sought-after Fairways at Craig Ranch. This phenomenal location is perfectly situated on a peaceful cul-de-sac lot and provides serene tree line views to enjoy from the extended patio. As you step inside, you'll be greeted by the warmth of engineered hardwood floors that flow seamlessly throughout the main level, complemented by tile in the wet areas. The open-concept eat-in kitchen is a chef's delight, featuring a spacious island, granite countertops, a gas stove, and a breakfast bar, perfect for casual dining. The inviting living room, complete with a fireplace, provides a cozy ambiance for gatherings. The main floor primary suite is a true retreat, boasting a walk-in closet and a luxurious ensuite bathroom with a double sink, soaking tub, and separate shower. Additional highlights include a versatile game room, a loaded media room, and a library or study, offering ample space for relaxation and entertainment. Because of the amazing central location where Allen, McKinney, Frisco, and Plano converge at Hwy 121 and Custer Rd, this home offers easy access to entertainment venues and restaurants. Plus, you can drive your golf cart to TPC Craig Ranch for a perfect day on the greens. Don't miss this opportunity to make this exceptional home yours!
Source: NTREIS #20777396
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.