421 Joyce Way Mckinney, TX 75069
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About this home
Welcome home! Charming McKinney haven that is ideal for first-Time buyers, down-sizers, or investors! This delightful 3-bedroom, 2-bathroom home is nestled in a prime McKinney location just minutes from Hwy 5, 121, and Hwy 75. This cozy, well-kept property offers the perfect combination of comfort, convenience, and value. Step inside to an inviting open-concept floor plan filled with natural light, making the space feel bright and airy. The living and dining areas flow seamlessly, creating an ideal setup for everyday living or casual entertaining. The kitchen offers functionality and a great opportunity to add your personal touch. The spacious backyard is a true highlight, perfect for summer grilling, gathering with friends and family, or simply enjoying peaceful Texas evenings under the stars. With its three comfortable bedrooms, two full baths, and move-in ready condition, this home is a smart choice for anyone looking to settle into the thriving McKinney area. The convenient location offers easy access to major highways, shopping, dining, and the charm of historic downtown McKinney. This property is a fantastic opportunity to own in one of North Texas’s most desirable markets. Schedule your showing today!
Source: NTREIS #21052829
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.