8713 Whitehead St, Mckinney, TX 75070
3 beds · 3 baths · sqft
$0 Down Financing! Discover modern townhome living at its finest in the desirable Hemingway at Craig Ranch community. This beautifully maintained two-story townhome in McKinney offers 3 bedrooms, 2.5 bathrooms, and an open-concept design with 1,981 square feet of living space. The spacious living room with its gas fireplace provides a warm and inviting atmosphere for relaxation or entertaining. The updated kitchen features granite countertops, built-in cabinets, and a walk-in pantry, making it a dream for home cooks. The primary suite, conveniently located on the first floor, boasts a walk-in closet, dual sinks, a garden tub, and a separate shower. Upstairs, you will find two additional bedrooms, a full bathroom, and a versatile game room perfect for an office, playroom, or additional living space. This home includes thoughtful touches like wood flooring, decorative lighting, and energy-efficient features such as a gas water heater and central heating and cooling. The attached two-car garage provides plenty of parking and storage. Located in the highly rated Frisco ISD, this property is within walking distance to community amenities, including a pool, clubhouse, jogging trails, and playgrounds. Enjoy easy access to shopping, dining, and major highways while living in one of McKinney’s most sought-after neighborhoods. Zero down financing is only available through our in-house lender on all MTX Realty listings. Call the listing agent today for more details and to schedule a showing of this exceptional townhome!
Source: NTREIS #20825371
Source: NTREIS #20825371
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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 of Equal Opportunity Act.