1417 Grapevine Cv Mckinney, TX 75071
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About this home
*** SELLER WILL PAY 10K TOWARDS BUYERS CLOSING COST OR RATE BUYDOWN WITH ACCEPTABLE OFFER. Discover this spacious 5-bedroom, 3.5-bath home perfectly situated on a NORTH FACING desirable CORNER lot. Enjoy a private study with elegant French doors, a large laundry room accommodating a refrigerator, and a master suite conveniently located on the first floor. The master bath boasts his and her vanities, a relaxing garden tub, and a separate shower. The living area features a cozy gas log fireplace, creating a warm ambiance. Upstairs, find four additional bedrooms, each with a walk-in closet, alongside two full baths, a versatile game room, and a media room – ideal for entertaining. Step outside to an oversized yard with an extended covered patio, offering ample space for outdoor enjoyment. This home provides comfort, space, and a fantastic layout for diverse living needs. Trinity Falls is a master planned community that offers a Community Pool with covered lounge area, Clubhouse and Fitness center. 2 pools, playgrounds, splash pad, park with trails, fishing lake, disc golf course and many events to take part of. Old Joe Dog Park: A dedicated space for furry friends to run and play off-leash, complete with climbing structures, shaded seating, and water stations. Parks and green spaces: Trinity Falls boasts a 350-acre B.B. Owen Park with winding trails, lakes, and an amphitheater. Other parks within the community include Monarch Park, Basecamp Park (with its own splash pad, playground, event lawn, and pavilion), and Discovery Park (featuring an 18-hole disc golf course). Hike and bike trails: Residents have access to miles of winding trails within B.B. Owen Park, perfect for hiking, biking, and exploring nature. Trinity Falls itself features more than 20 miles of hike-and-bike trails.
Source: NTREIS #20996090
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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.
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