4629 Farringdon Ln Mckinney, TX 75070
Your savings
About this home
Large family friendly full 6 bedroom home with 4 full bathrooms. Most ideal bonus bedroom suite, perfect for an in-law or visiting college student! This stunning two-story house is fully equipped with the greatest energy efficient features! Perfectly equipped for modern living. New sound proof energy-efficient windows and doors all throughout the house providing ample natural light while keeping your energy bills low. Brand new solar system (with battery backup and storage) generates up to 80kWh of power each day providing nearly free electricity to the home. Excess power automatically sells to grid for a profit and batteries provide night time power and off-grid usage during power outages. Cutting edge energy efficient insulation in the attic. Smart refrigerator conveying with the property. For sure an extra plus! Automated backyard gate with control remote worth 18K providing innovation, privacy, and security. Ecobee thermostats. Recently replaced ceiling fans in each room all throughout. Master expanded shower with smart led mirror above vanity. Two 4 yrs old water heaters. Dimmable lights in kitchen. Tesla charger installed in garage for your Tesla to charge overnight. Perfect layout with plenty of space and privacy for the entire family. There’s more! The property is adorned with remote-controlled outdoor lights, allowing you to set the perfect ambiance for any occasion or holiday. These remarkable upgrades are just some of the many reasons you'll want to see this for yourself and make it all yours!! Your family will love this! Don’t miss the opportunity to own this exceptional home that blends luxury, technology, and efficiency. Schedule a tour today!
Source: NTREIS #21027626
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
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.