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$275,000 SIGNIN

Sign in to see required down payment for the 5.125% rate

1983 Sugar Pine Cir, Houston, TX 77090

3 beds · 2 baths · 2,059 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Welcome to this charming colonial-style home, perfectly situated on a generous corner lot within the serene, gated community of Sugar Pine Estates. This stunning residence offers an inviting open-concept floor plan, brimming with character and featuring a wealth of updates throughout. The spacious family room, complete with a cozy fireplace, seamlessly flows into the well-appointed kitchen, which boasts elegant granite countertops, a breakfast bar, and abundant cabinet and counter space. Upstairs, you'll find all three bedrooms, including the primary suite, which features a private ensuite bath and a spacious walk-in closet. Ideally located, this home offers easy access to numerous conveniences and major highways. Don't miss the opportunity to make this your dream home!

Estimated
Seller's interest rate
5.125%
7%
Estimated
Monthly payment

$2,008
$2,289
You may also save up to $90,839 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,289 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
5.125%
Remaining term
27 yrs
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,008
Principal & interest
$1,363
Mortgage insurance
$177
Property taxes
$115
Home insurance
$236
HOA fees
$116
Utilities
Not included

Source: Public records

Home details
Size
2,059 sqft
Lot size
0.0819 acres
Year built
2001
Type
Single Family Residence
HOA dues
$116.25

Source: HAR #18076591

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: May 15, 2025 12:02 pm
Listing agent: Nicholas Longtin (832) 258-5838
Listing provided courtesy of: Redfin Corporation (972) 689-3111
Details provided by HAR and may not match the public record.
MLS ID: #18076591
Copyright 2025, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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$2,008
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