3940 Rochelle Ln Forney, TX 75126
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About this home
INCREDIBLE FINANCING OPPORTUNITY Seller is offering an assumable loan at 2.99% with only $8,000 down (buyer must qualify). Welcome to 3940 Rochelle Lane! This Highland Home is a move-in ready 3-bed, 2-bath home in the sought-after Heartland community. This home backs to a fully stocked pond -with personal gate access from your own backyard for fishing. Enjoy the peaceful sound of the water fountain right from your backyard. Smart home features include mesh WiFi with eero, a Kwikset auto door lock, SimpliSafe security system, a Honeywell thermostat with app control, and full sprinkler system. Additional highlights: open-concept living with soaring 11-foot ceilings, quartz countertops, designer cabinets, super shower, tankless water heater, full gutters, and energy-efficient windows. Living in Heartland means more than just a home its a lifestyle. Residents enjoy over 400 acres of parks and picnic areas, a 35-acre stocked lake, miles of hiking and biking trails, and the Oasis Center featuring water slides, a fitness center, event space, and playgrounds. This home combines comfort, convenience, and a truly exceptional community lifestyle. Details on the 2.99% assumable loan and low down payment are in the Transaction Desk.
Source: NTREIS #21040421
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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.