Experience indoor-outdoor living in this 2-story entertainer’s home in Frisco ISD, offering an awe-inspiring 18-foot ceiling, a spacious second-floor game room, built-in outdoor kitchen, an all new roof and outdoor shed, located in sought-after Sunset Pointe with resort-style amenities, and close proximity to Lake Lewisville beach, Little Elm boat ramp, and to the new Universal Kids theme park in Frisco. This beautifully maintained brick home offers a front-facing 3-car tandem garage, mature shade tree, professional landscaping, and charming covered front porch. The front entry opens to dramatic soaring ceilings, elegant chandelier, engineered wood floors, and an open-concept design filled with natural light. The private office with French doors is ideal for working from home, while the versatile formal dining room can also serve as a second living area or playroom. The spacious family room features a stone wood-burning fireplace with gas starter and direct access to the outdoor kitchen. The light and bright kitchen offers abundant white cabinetry, sleek black granite countertops, tile backsplash, large island, pantry, and separate breakfast room. The private and spacious primary suite serves as a peaceful retreat, including French doors leading to a spa-inspired bath with dual vanities, soaking tub, walk-in shower, and large walk-in closet. Upstairs you'll find an expansive game room, custom built-in desk for two, three secondary bedrooms with walk-in closets, and a dual-sink full bathroom. The extended covered patio is designed for entertaining with travertine pavers, a built-in stone outdoor kitchen w 6-burner gas grill, and space for dining and relaxing. The fenced backyard offers a large grassy area, new storage shed, and stone walkways on both sides of the home. This Sunset Point home is in walking distance to the Frisco ISD elementary school, and offers 4 neighborhood pools, splash pad, pickle ball courts, playground, fishing ponds and more.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
