1017 Fredonia Dr, Forney, TX 75126
3 beds · 2 baths · 2,101 sqft
Charming 3 Bedroom Home, A fantastic opportunity to own a beautiful home with the added benefit of an assumable loan!! Perfect Family Retreat! Welcome to a beautifully maintained 3-bedroom,2 bathroom home located in the heart of the growing community of Forney. This home offers the perfect blend of comfort, style and convenience. Whether you're a first time home buyer or looking for a move-in-ready Step inside and be greeted by an open and airy living area, featuring high ceilings, abundant natural light, and a cozy atmosphere. The spacious kitchen boasts modern appliances, ample cabinet space, and an island perfect for meal prep or entertaining. The dining area opens to a lovely backyard, ideal for relaxing or hosting gatherings. The master suite is a serene retreat, with a generous walk in closet and a en-suite bathroom complete with a soaking tub and separate shoer. The two additional bedrooms are well=sized providing plenty of room for family or guests. Outside, the large backyard offers plenty of space for outdoor activities, gardening or simply unwinding after a long day. Located in a friendly neighborhood with easy access to local schools parks, shopping and dining this home is a must see! Don't miss out on this fantastic opportunity to own a home in Forney. Schedule a showing today and make 1017 Fredonia Dr. your new home. Furniture Fridge, washer & Dryer are negotiable
Source: NTREIS #20866013
Financials
Source: NTREIS #20866013
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.