3814 Noblewood Dr, Forney, TX 75126
4 beds · 3 baths · 2,739 sqft
Charming 2 story home nestled in a tranquil neighborhood offers an idyllic retreat. Step inside to discover an inviting open-concept layout that seamlessly connects the kitchen, dining, and living areas. The gourmet kitchen boasts an abundance of counter space, cabinets, a convenient island, a pantry, and a breakfast bar. Retreat to the primary suite adorned with an oversized bedroom and an en suite bathroom showcasing his and hers sinks, a relaxing bathtub, a separate shower, and a spacious walk-in closet. Two more great sized bedrooms and bathroom downstairs. Venture upstairs to find an additional bedroom and a versatile game room perfect for entertainment or relaxation. The outdoor living space is equally impressive, featuring an extended patio with a cozy fireplace, a built-in grill, and ample room for summer gatherings. Enjoy access to a sparkling pool, lush parks, and a walking trail. With convenient proximity to major highways, commuting is a breeze.
Source: NTREIS #20614955
Source: NTREIS #20614955
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%. 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.
Other resourcesWhat 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.