Discover serene suburban living with this stunning 4-bedroom, 3-bathroom home in the heart of Forney, Texas. A perfect blend of modern comfort and classic elegance, this spacious residence welcomes you with its inviting open floorplan, ideal for both relaxed evenings and vibrant gatherings. Step inside to find freshly painted interiors complemented by recently steam-cleaned carpets, setting a pristine and welcoming atmosphere. The abundant natural light pours through the windows, highlighting the timeless beauty of the upgraded vinyl plank and tile flooring throughout the main areas. Each bedroom offers plush carpeting, providing warmth and comfort for a restful retreat. The heart of the home is undoubtedly the spacious kitchen that flows seamlessly into the living and dining areas, making it a delightful space for culinary adventures and family activities. With its thoughtful layout, the home ensures ease of movement and connection among living spaces. The upstairs level greets you with additional bedrooms and a full bath, offering privacy and convenience for family members or guests. The primary suite is a luxurious escape with an ensuite bath designed for relaxation. Exteriorly, the two-story design presents a beautiful stone and brick finish, enhancing curb appeal and durability. The expansive backyard is a true highlight, featuring a large patio perfect for outdoor entertainment or moments of tranquility. Whether enjoying a morning coffee or hosting a barbecue, this outdoor space is sure to impress. Completing this perfect package is a two-car garage providing ample storage and convenience. Situated in a friendly community with easy access to local amenities, this home promises a balanced lifestyle where comfort meets style. Don't miss the opportunity to make this charming Forney residence your own.
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.
