8201 Mckenzie Ct Frisco, TX 75036
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About this home
NEW PRICE. MOTIVATED SELLER. Assumable loan at 2.75%. Contact agent for details. Incredible opportunity to own a beautiful home in the Westfalls Village area of Frisco. Frisco is the place to be. Frisco ISD ranks an A from the TEA; Frisco ranked as the #1 suburb by Livability. Mins to retail, FC Dallas, Medical City Frisco, The Star, Stonebriar Mall, PGA, Universal. This home is in close proximity to schools, parks, and play fields; it is walkable for everyone. Community pool is a short 2 blocks away! This move-in ready home has it all. 5th bedroom downstairs has its own full bath. Could be converted to 1st floor primary utilizing current office space (see transaction documents for conceptual rendering). With 4 bedrooms upstairs and 3 more full baths, the home provides tremendous flexibility. The 2nd floor primary suite is massive with its own sitting area. One other upstairs bedroom can be an ensuite configuration so privacy is easy for generational living. Set up that large screen TV in the 2nd floor Media Room. The other 2 upstairs bedrooms share a Jack and Jill Bathroom. Downstairs, you can relax by the fire in the Family Room. Want to host the holiday meal? The dedicated Dining Room offers plenty of space. The formal Living Room is a great place to gather after that special meal. The kitchen has plenty of space with ample counters, an island with a Viking Brand gas cooktop and plenty of storage. If you run out of space in the kitchen, there is a butlers pantry as well as a huge laundry area, big enough to house a washer and dryer, extra refrigerator, storage shelves, cabinets and a sink. You even have a Mudroom area next to the garage to clean up in before entering the rest of the house. You do not need to use one of the bedrooms as an office because this home comes with a dedicated 1st floor office with built in desk and cabinets. Enjoy your outdoor space with an expansive backyard and patio.
Source: NTREIS #20908900
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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.