318 Indian Summer Dr, Sugar Land, TX 77479
5 beds · 3 baths · 3,256 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautifully remodeled home in the prestigious, master-planned community of New Territory. Situated within a beautifully tree lined street on an oversized lot with exceptional curb appeal and upgrades throughout. Step inside to find elegant vinyl plank flooring, soaring ceilings, and an abundance of natural light. The newly installed double pane Low-E windows enhance both energy efficiency, comfort and style while a NEW ROOF adds peace of mind. The heart of the home is the stunning gourmet kitchen with oversized quartz countertops, custom cabinetry, and a seamless flow into the main living area. The primary suite is conveniently located on the first floor, while upstairs you'll find four generously sized bedrooms and a spacious game room. Generous backyard space ideal for adding a pool and creating the perfect play area. Zoned to top rated FBISD schools, New Territory is known for its abundant amenities, strong sense of community and easy access to downtown Houston.
Source: HAR #93682256
Source: HAR #93682256
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.