3305 Brentwood Cv, Forney, TX 75126
3 beds · 3 baths · 2,612 sqft
Price Reduced!! Assumable FHA loan at 2.875% interest!! Welcome to this stunning HistoryMaker Home, a beautifully crafted 3 bedroom, 3 bathroom residence that combines modern luxury with thoughtful design. Nestled on one of the largest lots in the neighborhood at 0.21 acres, this home is located on a quiet cul de sac, offering both privacy and space. This home has ample upgrades throughout from the front elevation to the interior choices. Gorgeous luxury vinyl flooring throughout the main living areas provide both durability and a sleek, modern aesthetic. The heart of the home is the spacious kitchen, featuring a high-end marble backsplash that perfectly complements the rich cabinetry and stainless steel appliances. This gourmet space also includes upgraded light fixtures and faucets, adding a touch of elegance. The home's floor plan is open and functional, with a focus on seamless living. Each of the 3 bedrooms is generously sized, with the primary suite offering ample space for relaxation and comfort. The accompanying 3 full bathrooms are each beautifully appointed with upgraded finishes and stylish touches. For those who enjoy entertaining or outdoor living, the extended patio slab provides plenty of room for gatherings, while the wood design accents on the walls in multiple rooms offer an added layer of warmth and character. Upstairs is a large game room, perfect for watching TV, playing games or playing pool! This Heartland community offers over 400 acres of parks, picnic areas, walking trails and bike trails for all ages. At its heart is a 35 acre stocked lake with a scenic fishing pier, winding trails, and pedestrian bridges connecting homes to community amenities. The new Oasis amenity center features 11,700 square feet of space, including a fitness center, event areas, multiple pools, water slides, and ample poolside lounging. Don't miss out on this opportunity for a move in ready property that looks like a model home with thousands of dollars in upgrades!!
Source: NTREIS #20770186
Financials
Source: Public records
Source: NTREIS #20770186
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.