1503 Barley Ct, Forney, TX 75126
4 beds · 3 baths · 3,288 sqft sqft
Incredible opportunity! This home has an assumable loan, allowing qualified buyers to take advantage. Discover Your Dream Home in Devonshire Village Welcome to your future oasis! This stunning 4-bedroom, 3-bathroom home in Devonshire Village is a true gem. With two dining areas, a dedicated office, and three spacious living areas, it perfectly combines luxury and comfort. Exquisite Interior Design Inside, you'll find hand-scraped hardwood floors and elegant tile, along with beautiful granite countertops. The open floor plan is perfect for entertaining, highlighted by a cozy den with a floor-to-ceiling stone fireplace. Gourmet Kitchen and Luxurious Amenities The gourmet kitchen features stainless steel Whirlpool appliances, a large granite island, and ample cabinetry. The spacious primary bedroom includes a sitting area, while the primary bath boasts a garden tub, large seamless shower, double sinks, and a walk-in closet. Entertainment and Relaxation Enjoy movie nights in your media room or host game nights in the large game room. The charming 8x11 covered patio is perfect for outdoor relaxation. Community Perks Devonshire Village offers fantastic amenities, including community pools, pavilions, a fire pit, and playgrounds. Enjoy fishing ponds, scenic walking trails, and a conveniently located elementary school. This Bloomfield Homes Carolina IV plan is ideal for entertaining and everyday living. Don't miss the chance to make this exceptional property your new home!
Source: NTREIS #20775830
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20775830
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #20775830
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.