1016 Utopia Ln, Forney, TX 75126
3 beds · 2 baths · 1,808 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover this delightful 3-bedroom, 2-bath home nestled in the sought-after Travis Ranch community in Forney. From the moment you arrive, you’ll love the covered front porch, beautifully manicured landscaping, and inviting curb appeal. Inside, you'll find charming details like plantation shutters and wood flooring in the main living areas. The spacious living room is anchored by a cozy fireplace and custom built-ins, perfect for displaying books or décor. The kitchen offers an eat-in dining space, center island, and plenty of cabinetry to make meal prep a breeze. The owner's suite features a walk-in closet and an ensuite bath with a garden tub, separate shower, and dual vanities. Two additional bedrooms share a full bath, and there's also a dedicated office with French doors—ideal for working from home or a quiet study space. Step outside to a serene backyard retreat with a pergola-covered patio, lush garden beds, and French drains on each side of the house. 2 year old roof, rain gutters, and pull down attic stairs for easy storage access. Family friendly neighborhood amenities include community pool, splash pad, picnic tables and pavilion, walking trails, sports fields, and playgrounds. Located in the highly rated Forney ISD, this home has everything you need and more. Schedule a showing today!
Source: NTREIS #20874979
Source: NTREIS #20874979
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.