2270 Eastwood Rd Melissa, TX 75454
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About this home
A rare land and home purchase opportunity in the Heart of Melissa, TX! Welcome to 2270 Eastwood Rd—an incredible and rare offering you won’t want to miss. This beautifully renovated 3-bedroom, 2-bathroom home sits on approximately 1.9 acres of picturesque land, offering the perfect blend of peaceful country living and city convenience. Opportunities like this are almost unheard of in Melissa—especially at this price point. This property is not part of a mandatory HOA. Whether you're a small business owner looking for land to operate or store equipment, a homeowner wanting space to build a shop or guest home, or someone dreaming of a mini-farm, retreat space, or income-producing property—this is your chance to make it happen. The land is stunning, with a seasonal creek as boundary to much of the property, surrounded by mature trees and lush vegetation—truly one of the most beautiful and private lots in Melissa. With approximately 1.9 acres to work with, you can create the lifestyle you’ve always wanted, whether that’s raising animals, growing food, entertaining outdoors, or simply enjoying wide-open space in a booming city. Located just minutes from schools, shopping, and dining in one of Collin County’s fastest-growing and most desirable communities, this property is a true hidden gem at an amazing price point. Act quickly—properties like this with land, location, and minimal restrictions are almost impossible to find in Collin county anymore. Whether you're buying for today or investing for the future, this renovated home and land offer freedom, and potential at an unbeatable price point. Property includes outbuildings with electric that could be used for storage or a workshop.
Source: NTREIS #21051078
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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.