2019 Cone Flower Dr, Forney, TX 75126
5 beds · 3 baths · 2,626 sqft
MOTIVATED SELLERS!!! CURRENT LOAN IS ASSUMABLEAT AT A 3.75% INTEREST RATE!!! *SELLER WILL CONTRIBUTE $5000 TOWARDS BUYERS CLOSING COST WITH FULL PRICE OFFER!!!* This home is FULLY LOADED with LARGE FRONT DECK, SPACIOUS FRONT PORCH, OVERSIZED BACK PATIO and SWIMMING POOL!! This is a stunning single-family home located in the charming city of Forney, Texas. This exceptional property is now available for sale, offering a luxurious and modern living experience. Boasting a large oversized front porch deck and oversized covered patio in back yard with above ground pool, 2.5 well-appointed bathrooms, 4 spacious bedrooms + a spacious study that can be used as a 5th bedroom. There is an abundance of room for relaxation, comfort, and privacy. One the second level, you will be captivated by the oversized loft area, perfect for a home office, media room, lounge, gym or playroom. This home has been carefully updated with an emphasis on elegance and functionality. The interior showcases plush carpeting, adding warmth and comfort to every room. The ceramic tile and luxury vinyl plank flooring ensure durability and easy maintenance for the modern homeowner. Don't miss the opportunity to make 2019 Cone Flower Drive your dream home.
Source: NTREIS #20711109
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20711109
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: #20711109
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.