2015 Sumac Dr Forney, TX 75126
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About this home
Welcome home to this spacious 3-bedroom, 2-bath beauty featuring a flexible office space — perfect for working from home, studying, or even a playroom for your growing family. Designed for both comfort and function, this home offers a wonderful blend of formal and casual living and dining areas that make entertaining easy and enjoyable. The open-concept kitchen flows seamlessly into the family room, creating a welcoming space for everyday living. The in-home laundry room adds convenience, while multiple storage options throughout the home ensure there’s plenty of room to stay organized. The split-floor plan provides privacy, with two nice-sized secondary bedrooms located on one side of the home and the primary suite tucked away on the other — ideal for a quiet retreat. The spacious primary bedroom offers room to relax and unwind after a long day, with an adjoining bath ready for your personal touches. Whether you’re hosting family gatherings, working remotely, or simply enjoying a quiet evening at home, this property offers the flexibility and space you’ve been searching for. With ample natural light, generous storage, and a layout that fits today’s lifestyle, this home is ready for your finishing touches to make it truly your own.
Source: NTREIS #21091951
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.