2326 Mount Olive Ln Forney, TX 75126
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About this home
Welcome to this better than new Taylor Morrison home, ideally located on an oversized cul-de-sac lot in the highly sought-after Rockwall ISD. With beautiful curb appeal and thoughtful upgrades inside and out, this property is a wonderful opportunity — and perfect for the first-time home buyer looking for a move-in ready home. From the moment you arrive, you’ll be greeted by the inviting stained and stamped front porch. Step inside to discover a bright and welcoming open floor plan enhanced by luxury vinyl flooring and upgraded interior doors, blending functionality with modern style. The kitchen is sure to impress with its Quartz countertops, undermount stainless steel sink, 5 burner gas cooktop, marble backsplash and numerous upgrades designed to make both cooking and entertaining a joy. Additional features include cabinetry in the laundry room as well as extra cabinets above the toilets in both bathrooms, providing convenient and smart storage solutions. Enjoy outdoor living year-round with a stained and stamped back porch, gas outlet, plus an extended covered patio overlooking the spacious backyard — ideal for relaxing evenings, weekend cookouts, or a future play area. As a resident of Travis Ranch, you’ll have access to an incredible lineup of amenities, including a community pavilion with grilling stations, multiple swimming pools, a splash park, playground, sports fields, and even an inline hockey rink. Miles of greenbelts and parks wind throughout the neighborhood, and the community’s prime location near Lake Ray Hubbard offers endless opportunities for outdoor recreation. Situated in a highly desirable neighborhood with access to Rockwall ISD schools, this home combines comfort, convenience, and community living. Don’t miss your chance to make this wonderful property yours!
Source: NTREIS #21072996
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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.
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