1672 Sheldon Dr, Forney, TX 75126
4 beds · 3 baths · sqft
Assumable 4.5% Interest Rate. Stunning two-story home, where modern elegance meets everyday functionality. With its sleek white brick exterior and a spacious, oversized lot, this home is designed to impress from the moment you arrive. Four spacious bedrooms, Three bathrooms, and a 3-car garage, there's plenty of room for both comfort and storage. Oversized home office can also be optional 5th bedroom. The open-concept layout creates a seamless flow between the kitchen, dining, and living areas, with high ceilings that add an airy, expansive feel over the dinning area up to the 2nd story. The oversized kitchen island, is perfect for preparing meals, entertaining guests, or enjoying casual family gatherings. The generously sized backyard offers space for backyard activities, with a covered patio that's ideal for outdoor relaxation. This family-friendly community filled with amenities, including parks, pool, walking trails, fitness center, and more, this home offers both comfort and convenience for all stages of life. Additionally, the home is situated within the highly-rated Forney ISD, known for its outstanding academic achievements and commitment to excellence. Forney ISD consistently earns top rankings, with several schools receiving recognition for their academic performance and innovative programs. Families will appreciate the quality of education and the numerous awards that Forney ISD has earned for its dedication to student success. Exciting new retail developments are just around the corner! Gateway Blvd in Forney, Texas is becoming a vibrant shopping destination with new stores like Costco, Home Depot, Target, HEB and more coming soon. These new retail additions will provide convenience and a variety of shopping options, making this location even more desirable for your family. Enjoy easy access to all your favorite stores and amenities, right at your doorstep. Come see this exceptional property today and make it your own!
Source: NTREIS #20861193
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20861193
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.