9832 Echo Summit Dr, Little Elm, TX 75068
4 beds · 4 baths · 2,803 sqft
Get a free consultation call with an expert in the mortgage assumption process.
NEW PHOTOS COMING SOON!! Motivated Sellers! Tour this beautiful home today! Welcome to this meticulously maintained 4-bedroom, 3.5-bath home, thoughtfully designed for comfortable everyday living and entertaining. This stunning property boasts brand-new flooring throughout, providing a fresh, modern feel in every room. The open-concept kitchen features stainless steel appliances, a gas cooktop, granite countertops, and seamless flow into the living and dining areas—perfect for gatherings or quiet family evenings. The Primary Suite offers a spacious retreat with a large ensuite bathroom and an oversized walk-in closet, ensuring plenty of storage and comfort. Upstairs, you’ll find a generous second living area, perfect for a teenage hangout, playroom, or media space. Both formal and casual dining areas cater to all occasions, from holiday meals to casual breakfasts.Step outside to the designer front patio or enjoy cozy fall evenings on the covered rear patio, ideal for entertaining or relaxing. The home features recently installed gutters, a new roof, a tankless water heater for endless hot water, and a beautifully stained fence, ensuring peace of mind for the next homeowner. Conveniently located within walking distance of the community pool and beautiful Lake Lewisville, this home provides the perfect balance of comfort and accessibility. The community is rich with amenities, including a fishing dock, over 7 miles of scenic hiking trails, and a full-time lifestyle manager who organizes events, food trucks, and community gatherings.
Source: NTREIS #20739713
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20739713
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 of Equal Opportunity Act.