2723 Portside Dr Grand Prairie, TX 75054
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About this home
Welcome to luxury living in The Estates at Grand Peninsula, one of Grand Prairie’s most sought-after communities. This spacious 4-bedroom, 4-bath home at 2723 Portside Dr offers 4,220 sq ft of beautifully designed space on a quarter-acre lot, backing to a greenbelt with scenic water views. Inside, you'll find hardwood floors, granite countertops, soaring ceilings, and an open-concept layout filled with natural sunlight from an abundance of windows throughout the home. The gourmet kitchen features a large island, built-in cabinetry, two pantries (including a walk-in), a built-in coffee bar, plumbed for a gas range, and opens to a breakfast nook and expansive living area with a gas-log fireplace. Oversized rooms include a formal dining area, a main-level primary suite with a luxurious en-suite bath, and a secondary bedroom with full bath—ideal for guests or multigenerational living. Upstairs includes a massive loft, two additional bedrooms with private full baths, and a dedicated media room that’s wired, blocked, and features a Juliet balcony overlooking the front, along with a connecting wet bar—perfect for entertaining. Recent upgrades include a Class 3 roof (2023), two 50-gallon water heaters (2021), electrical updates (2022), and two HVAC units (2020), offering both comfort and energy efficiency. Enjoy outdoor living on the tiled, covered patio with a gas drop and stunning pond and greenbelt views. The backyard gate opens directly to a walking trail around the pond and nearby park. Additional features include a 3-car garage, tinted windows, iron and wood fencing, sprinkler system, gutters, and security system. Located in The Estates at Grand Peninsula, zoned to Mansfield ISD, and just minutes from Joe Pool Lake, shopping, and dining. Community amenities include a pool, a fitness center, clubhouse, parks, greenbelts, and trails.
Source: NTREIS #21072005
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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.