Welcome to this pristine move-in ready home with all the upgrades. This stunning 4 bedroom, 3 bath home with 2 living areas is conveniently located in the growing Forney-Heartland community and zoned for Forney ISD. The curb appeal is enhanced with nicely designed landscaping, flower beds, and a large front porch. Step inside the inviting entry to an open concept layout enriched with designer accent walls and fully upgraded lighting that brightens the home throughout. The wood-look flooring leads you through the spacious living, kitchen and dining areas that also feature recessed, pendant, and other decorative lighting. The kitchen also showcases marble countertops, ample cabinet storage, a large island, and a corner pantry closet for organization. It is perfect for family meals and entertaining. With a bedroom and full bath downstairs, the layout is ideal for guests or multigenerational living. As you make your way upstairs, the layout opens to a second living area that is great for playing games or movie nights. The large primary bedroom and en-suite bathroom provide comfort and privacy. The primary closet has been improved for storage efficiency while at the same time is currently used as additional office space. Two bathrooms are fully remodeled, each crafted with updated tile, fresh paint, and new fixtures. The recently purchased washer and dryer are included with the sale with an acceptable offer. The back covered patio is a great place for morning coffee or relaxing in the evening. The large backyard if perfect for children to run around or just a place to sit and enjoy the fresh air. ADT security system with smart home features. The neighborhood offers a variety of community amenities including scenic walking and biking trails, playground, and nearby sports court and pond. The location gives easy highway access for commuting and close proximity to restaurants and entertainment. Schedule your tour today.
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.
