2609 Patriot Dr Melissa, TX 75454
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About this home
BEAUTIFUL home with SOLAR PANELS in Liberty! Welcome to 2609 Patriot Drive-a STUNNING 4 Bedroom, 3.5 Bath home located in the desirable Liberty community of Melissa, TX. This move-in ready home offers comfort, efficiency, and style with solar panels that will significantly reduce utility costs year-round! Step inside to find an open concept layout featuring a spacious living room area filled with tons of natural light, a modern kitchen, granite counter-tops and a large island, perfect for entertaining! The primary suite is on the first level of the home, and provides a peaceful retreat with two walk-in closets and a private en-suite bathroom with dual-sink vanity, soaking tub and separate shower. The flex room on the lower level could be used as a 5th bedroom or a home office and is located directly next to the half bath. Upstairs you will have your other 3 bedrooms, 2 full baths as well as a very spacious 3rd living space. Enjoy the outdoors next to your heated salt water pool, jacuzzi, and sitting area ideal for relaxing evenings or weekend gatherings. The rear entry is private with its sliding electric gate, which provides a safe space for kids to play and extra room to park off the street. Residents of Liberty enjoy top-rated Melissa ISD schools, community pools, stocked ponds, playgrounds, and walking trails. Coming soon, enjoy entertainment and outdoor recreation, just a short distance away at Melissa Lake Park. Within minutes of US-75 for easy commuting to McKinney, Plano and Dallas, this home has everything, even a safety shelter! Don't miss this opportunity, it won't last long!
Source: NTREIS #21079575
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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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