1012 Alexa Dr Forney, TX 75126
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About this home
Welcome to 1012 Alexa Drive in the desirable Travis Ranch community of Forney, TX. This beautiful 4-bedroom, 3.5-bath home offers over 3,000 square feet of comfortable living space designed for modern lifestyles. The open-concept layout features a spacious living area with a cozy wood-burning fireplace and a gourmet kitchen complete with granite countertops, an island, breakfast bar, and walk-in pantry—perfect for both entertaining and everyday living. The primary suite on the main level provides a relaxing retreat with dual vanities, a separate shower, and a garden tub. Upstairs, a large game room and three additional bedrooms each offer generous space and access to full bathrooms. Situated on a quiet cul-de-sac lot, the property includes a large backyard with a covered patio ideal for outdoor gatherings. Enjoy neighborhood amenities such as a community pool, clubhouse, playground, and walking trails within the highly regarded Forney ISD. Conveniently located near shopping, dining, and major highways, this home combines comfort, community, and convenience—and is being sold as is, offering a great opportunity to make it your own. Seller is willing to give a paint allowance with an acceptable offer. Schedule a showing today!
Source: NTREIS #21086779
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.