Discover exceptional space, style, and location at 1065 Castroville Drive in Forney, Texas. Built in 2021 and offering approximately 2,985 square feet, this thoughtfully designed 4-bedroom, 2.5-bath home delivers modern comfort with a highly functional layout suited for today’s buyers searching for open-concept living near Lake Ray Hubbard and convenient access to Dallas. A welcoming entry introduces a versatile front room ideal for a home office, study, or flex space. The expansive main living area flows seamlessly into a contemporary kitchen designed for both everyday living and entertaining. Highlights include granite countertops, stainless steel appliances, ample cabinetry, and a large center island that anchors the space while providing additional prep and seating options. The open floorplan enhances natural light and creates a connected, airy feel throughout the main level. Upstairs, a spacious loft offers an additional living or media area, providing flexibility for work, relaxation, or recreation. The private primary suite serves as a comfortable retreat, featuring a well-appointed ensuite bath with a walk-in shower, separate soaking tub, and generous storage. Secondary bedrooms are well-sized and positioned to maximize privacy and functionality. Enjoy the benefit of a location that blends suburban comfort with access to everyday conveniences. The property is within walking distance to Lake Ray Hubbard, offering outdoor recreation and scenic views. Shopping, dining, and essentials, including Tom Thumb and popular restaurants in Heath, are approximately five miles away, while Downtown Dallas is reachable in about 30 minutes, making commuting and entertainment easily accessible. This move-in ready home combines modern finishes, flexible spaces, and a desirable location, making it a compelling option for buyers seeking value, space, and proximity to key North Texas destinations.
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.
