2925 Inn Kitchen Way Mckinney, TX 75071
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About this home
COMPLETELY UPGRADED 4 BEDROOM, 3 BATHROOM, 1-STORY EAST-FACING BRICK HOME WITH 2-CAR GARAGE ON CORNER LOT WITH POOL AND TURF, IN SMALL 100-HOME TIMBERRIDGE COMMUNITY BACKING TO A PRIVATE FARM + NO CITY TAXES + PROSPER ISD. New Black Stainless Steel Appliances, Quartz Countertops, 42 inch Cabinets, Touchless Faucet, Island with Farm Sink all overlooking the Living Area with Coffered Ceilings, and Corner Gas Fireplace. Step out back to the Private Backyard with Extended Covered Patio, Natural Gas Line, 15,000 Gallon Salt Water Pool with 400,000 BTU Jandy Heater and Marble Coping, Internet ready Pool Equipment Shed, Turf Backyard making it zero-maintenance. Energy Efficient with Pella Low-E Windows, Lutron Switches and Recessed Lighting throughout, 34 inches of Attic Insulation, Trane HVAC from 2020, Tankless Water Heater + Garage has Insulated Cedar Clad Steel Garage Door, Marble Styling Epoxy Floor, Overhead Racks, Laundry Sink, whole House Water Filter, Electric Car Charger Outlet, whole house Surge Protector. Jellyfish Lighting, New Class 4 Roof, Pebblestone Driveway, and more. This house has it all plus No City Taxes, No MUD, No PID, and low HOA. Easy to show - Video and 3D Tour + Full Upgrade Lists are available online.
Source: NTREIS #21093135
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Close stress-free in 45 days, handled start to finish by Roam.
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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.