3810 Orleans Way, Forney, TX 75126
5 beds · 4 baths · 4,010 sqft
ASSUMABLE 4% MORTGAGE, A NEW ROOF, AND A FREE SOLAR SYSTEM! This stunning 4,000 sq. ft. home offers an incredible blend of space, luxury, and modern convenience. Featuring 5 spacious bedrooms, 3.5 bathrooms, a dedicated study, an expansive game room, a media room, and a 3-car garage, this home is designed for both comfort and entertainment. Situated on a cul-de-sac lot, the property boasts a large, fenced-in backyard backing up to a scenic tree-lined greenbelt, providing the perfect mix of privacy and natural beauty. Step inside and be greeted by soaring ceilings, oversized rooms, and an open-concept layout, creating a warm and inviting atmosphere for families and entertainers alike. At the heart of the home is the chef’s dream kitchen, complete with an oversized granite island, ample cabinetry, and modern appliances—perfect for hosting gatherings, preparing meals, and making lifelong memories. The seamless flow into the living and dining areas makes this home ideal for everyday living and special occasions. Upstairs, the huge game room offers endless possibilities—whether it's a play area, a home music studio, or a creative workspace. The private media room is a showstopper, providing the ultimate setting for movie nights, game-day celebrations, or binge-watching your favorite shows in style. Nestled in a highly sought-after community packed with world-class amenities, you'll have access to six resort-style pools with waterslides, a stocked fishing pond, a state-of-the-art fitness center, and so much more. With endless potential to make this home your own, plus the incredible opportunity to assume a low 4% mortgage rate, this is a rare find. In addition, the sellers will pay off the solar panels- which have effectively cut electric bills- at closing with a full price contract! Schedule your private tour today!
Source: NTREIS #20837128
Send questions to support@withroam.com
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: NTREIS #20837128
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.