3141 Sunfish St, Prosper, TX 75078
5 beds · 5 baths · 3,508 sqft
Built in 2023 this home offers the new home feel without the hassle of construction! SELLER IS MOTIVATED!! OFFERING $5,000 in BUYER CONCESSIONS! VA ASSUMABLE LOAN! and will work with all serious buyers! This 5-bedroom, 5-bath masterpiece offers both comfort and sophistication, with ensuite baths in every bedroom for ultimate privacy and convenience. The gourmet kitchen is a chef’s dream, featuring high-end appliances and a charming breakfast nook with window seat benches, perfect for quiet mornings or intimate family gatherings. The primary suite is a true retreat, complete with an upgraded walk-in closet with built-in shelving and a spa-like bath to unwind in luxury. This home is designed with the finest touches, including an upgraded lighting package, designer accent walls, and custom drapery throughout. The fireplace serves as a focal point, with custom tilework and built-in shelving, creating a cozy yet refined ambiance. Additionally, the sellers have added an energy-efficient package, including a radiant barrier in the attic, helping you save money on heating and cooling year-round. The exterior of this home is equally impressive, featuring permanent gemstone lighting that enhances your home’s curb appeal throughout the year, especially during the holidays. The backyard is a private oasis, with turf, elegant stone accents, and greenery offering both beauty and privacy for relaxation or entertaining. Conveniently located near US 380 and the Dallas North Tollway, this exceptional property offers the perfect balance of luxury and location. Don’t miss this rare opportunity to own a one-of-a-kind home in Prosper. Schedule your private tour today!
Source: NTREIS #20858466
Financials
Source: Public records
Source: NTREIS #20858466
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.