236 Hope Cir Murphy, TX 75094
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About this home
Welcome to 236 Hope Circle, a beautiful and spacious home with an abundance of natural light, soaring ceilings, and expansive windows. Perfectly situated on a quiet cul-de-sac in the highly sought after PLANO ISD. Come explore the option to ASSUME a 3.25% interest rate. Take a look at the FRESHLY PAINTED INTERIOR. Step inside to discover an open and inviting space with wood-look luxury vinyl plank flooring. At the heart of the home is an open concept kitchen, complete with granite countertops, stainless steel appliances, a spacious island, and generous cabinetry. It flows seamlessly into the dining area and expansive family room, where large windows and a welcoming fireplace create a cozy yet elegant atmosphere perfect for everyday living and effortless entertaining. Toward the front of the home, an additional flexible living-dining space offers endless possibilities: use it as a reading nook, second sitting area, or anything your lifestyle requires. A private study with double doors and large windows provides the ideal work-from-home setup. The serene and spacious primary suite, located on the main level, features two large walk-in closets, a luxurious spa-like bathroom with dual vanities, a soaking tub, and frameless shower. Upstairs, you’ll find three spacious bedrooms, including a Jack-and-Jill bathroom and an additional full bath perfect for family or guests. A large bonus room offers versatility as a game room, media center, or home office. Step outside into the expansive, private, fenced backyard. It's an ideal setting for family gatherings, gardening, grilling, or simply relaxing under the shade of mature trees. Enjoy seasonal treats from your own fig and pear trees. Located minutes from the community pool, parks, walking trails, shopping, dining, and major commuter routes, this home offers a perfect blend of small-town charm and convenience with no PUD or MUD taxes. OPEN HOUSE SUNDAY 11-2 FROM 2 TO 4
Source: NTREIS #20980467
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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.