316 Monument Hill Dr Forney, TX 75126
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About this home
***15K REDUCTION*** DON'T MISS OUT ON THIS AMAZING HOME and PRICE! Better than new, this beautifully upgraded UnionMain home at 316 Monument Hill in Forney, TX offers a perfect blend of style, comfort, and functionality! Featuring an open split-bedroom floorplan, the home welcomes you with natural brown laminate flooring and abundant sunlight that fills the spacious living area. The island kitchen is a chef’s dream with granite countertops, white subway tile backsplash, and seamless flow into the dining and living room, anchored by a cast stone fireplace with gas logs. The versatile flex room provides endless possibilities—whether you need a home office, playroom, or media space. The master suite overlooks the lush backyard and includes dual sinks, a walk-in closet, and an extended super shower with double spray heads for a spa-like experience. Outside, the backyard is a true paradise with a spacious 9'x23' covered patio and gorgeous 10'x18' cedar arbor with a total of 28' x 13' of stained concrete pad, ideal for entertaining guests, endless family cookouts or simply just enjoying quiet evenings at home. The established landscaping and lush lawn add to the curb appeal, while the 3-car garage offers ample storage. This lovely home is located in a vibrant community that offers miles of walking trails and pool area. Just blocks from elementary school. Close proximity to many shopping and dining options! Don't miss out on this beauty!
Source: NTREIS #21074943
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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.