3107 Melrose Dr Mckinney, TX 75070
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About this home
Experience a home that’s been lovingly maintained inside and out, where outdoor living and daily comfort go hand in hand. The backyard retreat features a covered pergola with a flagstone patio, plus a second pergola perfect for setting up your ultimate grilling zone. The landscaping is truly a showpiece—thoughtfully designed with stone, water-friendly plants, and colorful accents that reflect the owners’ passion for the outdoors. The yard feels like a gardener’s showcase: beautiful, inviting, yet remarkably easy to maintain thanks to a sprinkler system designed for the landscape. A board-on-board fence ensures privacy, creating the perfect setting for summer nights under string lights or cozy fall evenings enjoying the cool weather. Beyond your fence, the lifestyle continues. Katherine Winniford Park and Cottonwood Creek Trail are just blocks away, offering miles of biking, walking, and exploring. Randles Park brings recreation with splash pads, playgrounds, and sports fields, while nearby dining and shopping put convenience at your doorstep. Inside, the home is equally inviting. The kitchen shines with white cabinets, granite counters, stainless steel appliances, walk-in pantry, coffee bar, and high-top seating—all flowing into the dining area or secondary living space, warmed by a white brick fireplace. Finishes like wood-look tile and upgraded Energy Star windows enhance comfort and efficiency. The family room with fireplace, open to the kitchen, can serve as a dining space, while the formal dining and living area is currently arranged as a spacious family great room—showcasing the home’s flexibility. The front bedroom offers privacy from the others, making it an ideal home office, two secondary bedrooms share an updated bath, and the spacious primary suite features beautiful backyard views and a walk-in shower. This isn’t just a home—it’s a lifestyle, beautifully maintained and ready to enjoy. Come see for yourself what makes it so special.
Source: NTREIS #21080324
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.