4205 Canadian River Dr Prosper, TX 75078
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About this home
Welcome to your dream home- a stunning north-facing, turn-key masterpiece located in the award-winning Prosper ISD & nestled within the highly coveted Creeks at Legacy. This meticulously maintained Brentwood First Texas Home offers the best price per square foot in the entire neighborhood & the best price per sq t of all comparable homes feeding into Prosper ISD! Spanning 4,404 sq. ft., this residence delivers unbeatable value, enhanced by over $125,000 in luxurious upgrades. Even better, the seller is willing to allow the buyer to assume their 5.625% interest rate for the right offer. Current P+I payment is $3,356m, with a loan balance of $569k & a maturity date of 12-1-2053. From the moment you arrive, the striking white brick exterior & clean architectural lines set the tone for what’s inside: a modern, minimalistic sanctuary designed for both high-style living & everyday comfort. Inside, you’ll find 5 spacious bedrooms, 4 full bathrooms, & a versatile bonus room that can easily serve as a 6th bedroom, private office, or guest suite on the 1st floor-tailor it to fit your lifestyle. The open-concept layout is perfect for entertaining, with a gourmet kitchen & expansive living area seamlessly connected by designer-selected finishes that exude timeless sophistication.The primary suite is a true retreat, filled w natural light thanks to its wall of windows, & features a spa-like bathroom along with a custom closet system. An additional bedroom or office with a full bath is thoughtfully located in the sw corner—ideal for multi-gen living or hosting guests. Upstairs, you’ll find four additional bedrooms & a flexible living area, perfect for a game room or creative workspace. Step into the fully equipped media room, complete with surround sound, and bring your home-theatre dreams to life. Residents enjoy access to exceptional community amenities, including a sparkling pool & walking trails. This home is truly the full package, delivering location, lifestyle, luxury.
Source: NTREIS #21051755
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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.