7517 Princeton Rd, Rowlett, TX 75089
4 beds · 3 baths · 1,957 sqft
Welcome to 7517 Princeton Road, Rowlett, TX 75089, a beautifully remodeled 4-bedroom, 2.5-bathroom home located in the highly desirable Princeton Park neighborhood. Boasting over $30,000 in upgrades and approximately 1,957 square feet of luxurious living space, this property combines modern finishes, thoughtful updates, and a prime location to create the perfect home for any lifestyle. Step inside and be greeted by brand-new hardwood floors flowing throughout the main living areas, while soft new carpet adds comfort to the bedrooms. The spacious kitchen has been upgraded with elegant granite countertops, updated light fixtures, and a modern garbage disposal, making it a chef’s dream. Two dining areas, including a formal dining room, and two living spaces provide versatility and ample room for entertaining or relaxing. The primary suite is a true retreat, featuring two large closets, a freestanding tub, a fully updated shower, and a double vanity with premium finishes. All bathrooms have been enhanced with granite countertops, new sinks, modern light fixtures, upgraded toilets, and new tubs in the full baths, adding a touch of luxury throughout. Recent updates include energy-efficient windows installed in 2023, ensuring plenty of natural light while reducing energy costs, and a hot water heater installed just three years ago. The HVAC system was also serviced in 2023 for year-round comfort. Outside, the home features newly installed French drains for improved drainage and a spacious backyard perfect for relaxation or outdoor activities. Located just minutes from Lake Ray Hubbard, this property offers easy access to shopping, dining, and major highways, combining convenience with a serene neighborhood setting. With over $30,000 in thoughtful upgrades, a flexible floor plan, and an unbeatable location, 7517 Princeton Road is more than just a house—it’s a place to call home. Don’t miss the opportunity to make it yours!
Source: NTREIS #20787217
Financials
Source: Public records
Source: NTREIS #20787217
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.