5470 Blue Quail Dr Prosper, TX 75078
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About this home
Buyer Bonus! Take advantage of special incentives with our preferred lender—enjoy assistance with closing costs or a reduced interest rate to help make 5470 Blue Quail Drive your next home! Located in the heart of Prosper, this charming home offers 4 bedrooms, 2.5 bathrooms, a 2-car garage, and a thoughtfully designed layout perfect for everyday living and entertaining. From the moment you step inside, you're greeted by a warm, on-trend color palette and durable ceramic wood-look flooring that flows throughout the main level. Designed with functionality in mind, this home features a dedicated office—ideal for work-from-home days. The open-concept kitchen overlooks the inviting living room, which centers around a cozy fireplace with a classic mantle. The kitchen is equipped with quartz countertops, stainless steel appliances, a large pantry, and a spacious dining area perfect for family meals or gatherings. The primary suite offers a peaceful retreat with dual sinks, a separate shower, and a large walk-in closet. Upstairs, you'll find 3 generously sized secondary bedrooms, a full bathroom, and a versatile game room—perfect for movie nights, play space, or a home gym. Love spending time outdoors? The backyard provides the perfect canvas to create your dream outdoor oasis, with plenty of space for a future pool or garden. Flower beds are already in place and ready for your personal touch, and the covered patio offers a great spot to relax or entertain. Conveniently located near Highway 380 and the Dallas North Tollway, this home offers easy access to a wide variety of shopping, dining, and entertainment options, putting everything you need just minutes away. Schedule your showing today!
Source: NTREIS #20973910
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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.