1113 SEGUIN RD, Forney, TX 75126
Technology included with home: 120 inch 3D projector and screen, in ceiling 7.1 surround sound with subwoofer and Harmony One remote system in the Media room. Nest doorbell and driveway cameras, Google Home hub with 7 inch screen, and Google Home mini as well as $5,000 flooring allowance. Leather sofas with power and lighting are negotiable. Roof is being replaced as well as side wooden fencing. 4 bedroom 3.5 bathrooms plus media room and huge backyard. 3 bedrooms downstairs, formal dining room, 2nd full bath and half bath. Primary bedroom is 17 feet by 15 feet with ensuite bath, dual sinks, garden tub, separate shower, and large walk in closet. Stainless steel appliances, granite, gas cooktop, island, eat in kitchen plus formal dining room. Extra large lot with fenced yard. Plantation shutters throughout home. Very quiet location in desirable Fox Hollow with community pool, close to parks and schools including newly opened Themer Middle School. Move in ready!
You may be able to put down less than the total down payment amount of $185,595 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What 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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #20687116