1906 Pilot Point Way Princeton, TX 75407
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About this home
ASK ABOUT THE 3.25% ASSUMABLE FHA LOAN! Welcome to 1906 Pilot Point Way! This charming 3-bedroom, 2-bathroom home offers 1,619 sq. ft. of comfortable living space in the heart of Princeton. Step inside to discover an inviting open floor plan with a spacious living area that flows seamlessly into the dining space and kitchen — perfect for entertaining and everyday living. The kitchen is thoughtfully designed with ample cabinet space, modern appliances, and a large center island that makes meal prep a breeze. The private owner’s suite is a true retreat, featuring an ensuite bath, walk-in shower, and generous closet space. Two additional bedrooms and a full bath provide plenty of room for family, guests, or a home office. Recent updates include a new roof installed in August 2025 and beautiful hardwood flooring added in October 2025, enhancing both style and value. Step outside to enjoy evenings in the backyard oasis, offering plenty of space for outdoor seating, gardening, or play — ideal for both relaxing and entertaining. Additional highlights include a two-car garage, energy-efficient features, and no MUD or PID dues, keeping ownership costs low. Located in a friendly neighborhood with easy access to top-rated schools, parks, shopping, and major highways, this home effortlessly combines comfort, convenience, and community living.
Source: NTREIS #21080774
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.