7608 Fossil Creek Trl, Mckinney, TX 75071
4 beds · 4 baths · 3,835 sqft
Stunning Modern Luxury Former Model Home in Trinity Falls – 3,835 SqFt of Upgraded Living at an Incredible Value. Discover an exceptional opportunity to own a former model home complete with all the bells and whistles in the prestigious, award-winning master-planned community of Trinity Falls. This 3,835 sq ft two-story beauty not only boasts luxurious upgrades throughout, but also offers a price per square foot that is remarkably under market compared to nearby homes. Luxury & Upgrades Everywhere Enjoy an open-concept design that floods each space with natural light, ensuring a seamless flow between living, dining, and entertaining areas. The home is pre-wired for speakers in the den, living, and media rooms, allowing for an easy setup of your ideal audio system. Custom built-in cabinetry is found throughout, including a functional desk and storage area outside the utility room, plus additional cabinets in the expansive laundry. A striking hall tree welcomes you from the garage—both stylish and practical. The gourmet kitchen features double ovens and an oversized pantry, perfect for the avid cook. The generously sized master suite boasts a large walk-in closet and elegant finishes, while the oversized garage has epoxy flooring for durability and storage. Relish the upgraded landscaping in both the front and back yards, creating inviting curb appeal and serene outdoor spaces. Relax or entertain on the covered front and back patios, ideal for gatherings or quiet evenings. Located in the sought-after Trinity Falls community, you’ll have access to an array of amenities—clubhouse, pools, playgrounds, and walking trails—promoting a lifestyle of comfort and convenience. Experience top-tier design, unbeatable value. Don’t miss your chance to own a truly luxurious residence at a fantastic price per square foot in Trinity Falls!
Source: NTREIS #20854434
Financials
Source: Public records
Source: NTREIS #20854434
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.