2923 Cascade Ln Forney, TX 75126
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About this home
Come see this fabulous move-in ready opportunity in the desirable Heartland Community! Tucked away on a quiet street, this home is within walking distance to Smith Elementary School and the community amenities center! Head indoors where you'll find an open floor plan with a generously-sized living area and dining space conveniently located just off the kitchen. Your new kitchen boats a gas range, tons of cabinet storage and easy access to the backyard for cookouts or entertaining! The primary bedroom and en-suite bathroom resides on the main floor, offering a peaceful escape after a long day. Upstairs you have a large bonus or game room complete with three additional bedrooms and a 2nd full bathroom creating endless arrangement options to suit all your needs. A fully fenced backyard offers a wonderful canvas for you to create your own luscious retreat! Sitting just minutes from Hwy 20 & 175, you're 30 minutes from downtown Dallas, and only15 minutes to Forney for all the necessities. Come tour this home today!
Source: NTREIS #21067935
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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.