Welcome to 2828 Watercress Drive in the highly sought after Sunset Pointe community of Little Elm, where warmth, character, and everyday comfort come together beautifully. This inviting 3 bedroom, 2 bathroom home is filled with farmhouse charm and thoughtful living spaces designed to make you feel at home the moment you enter. Featuring two spacious living areas and two fireplaces, the home offers the perfect balance of cozy gathering spaces and flexible everyday functionality. Whether hosting guests, enjoying movie nights, or relaxing with a quiet cup of coffee, there is a comfortable space for every occasion. The kitchen serves as the heart of the home with its stained butcher block counters, ample seating, and natural connection to both living spaces. This kitchen is truly designed to keep everyone connected. The primary suite provides a peaceful retreat, while the secondary bedrooms offer flexibility for guests, hobbies, or a home office setup. Every space has been designed to feel warm, functional, and inviting. Outside, enjoy the charm of the neighborhood and the lifestyle that makes Sunset Pointe so popular. Residents have access to multiple community pools, parks, playgrounds, sports courts, scenic greenbelts, and miles of trails throughout the neighborhood. The community also offers convenient access to Lake Lewisville, shopping, dining, and major commuting routes, making it easy to enjoy both recreation and convenience close to home. 2828 Watercress Drive offers more than just a house. It offers comfort, character, and the kind of welcoming atmosphere that makes a home feel truly special.
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.
