2801 Elmcrest Cir Plano, TX 75075
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About this home
RV OWNERS! Don't miss this gem! Rare one third acre cul-de-sac lot with 40 foot concrete RV pad, including 50 AMP and full hookups, outdoor living area and workshop. Nestled in central Plano, this 4 bedroom, 2.5 bath home offers an open floor plan with two expansive living areas connected by a see-through gas fireplace. The updated kitchen is a chef's dream with large quartz island, gas cooktop, double convection ovens with air fryer, French door refrigerator & a spacious pantry. Adjacent dining area includes a stunning chandelier and built in buffet. The split bedroom layout ensures privacy, with ample space for family, guests or a home office. Step outside to your private outdoor oasis complete with covered living area, a wood burning stone fireplace, built in grill with warming drawer & 2 burners. Automated full cover electric shades provide year-round enjoyment. A fully fenced backyard also boasts a separate workshop with AC, ideal for hobbies or storage. Driveway recently replaced and second parking pad added. Hot water circulating system for instant hot water at kitchen and baths & a reverse osmosis filter at the bar sink. Foundation repaired with transferrable warranty. AC 2020, WH 2023, Fence 2021, drip irrigation system & security lighting. Maytag washer and dryer included
Source: NTREIS #21026178
Neighborhood
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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.