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$324,900 SIGNIN

Sign in to see required down payment for the 4.875% rate

5496 Connally Dr, Forney, TX 75126

3 beds · 2 baths · 2,032 sqft

Welcome to this beautifully maintained one-story home, offering 3 spacious bedrooms, 2 bathrooms, and a dedicated office space. The open-concept design allows natural light to flood every room, creating a warm and inviting atmosphere. The chef-inspired kitchen boasts granite countertops, stainless steel appliances, elegant white cabinetry, a large center island with a breakfast bar, and a gas range—perfect for cooking and entertaining. The private primary suite is a true retreat, featuring a luxurious ensuite bath with dual sinks, a relaxing garden tub, and a walk-in shower. The well-thought-out floor plan ensures privacy, with the secondary bedrooms located across the home, separated by a full bath. Additionally, the versatile nook offers a cozy homework station or can easily be transformed into a home office—ideal for working remotely or managing household activities. Step outside to discover an array of exceptional community amenities, including a sparkling pool, playground, fitness center, and clubhouse. For outdoor lovers, enjoy access to four fishing ponds, scenic walking trails, a soccer field, basketball court, dog park, and more—all just minutes from Lake Ray Hubbard. Additional updates include a brand-new roof with a transferable warranty, freshly painted interior walls, and fully paid-off solar panels with an included warranty for your peace of mind. Don’t miss out on this incredible opportunity to experience resort-style living in this exceptional community. Take advantage of the solar panels that will be paid off at closing. Schedule your showing today!

Estimated
Seller's interest rate
4.875%
7%
Estimated
Monthly payment

$1,851
$2,121
You may also save up to $74,740 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,121 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
4.875%
Remaining term
23 yrs and 1 mo
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,851
Principal & interest
$1,281
Mortgage insurance
$171
Property taxes
$61
Home insurance
$278
HOA fees
$58
Utilities
Not included

Source: Public records

Home details
Size
2,032 sqft
Lot size
0.138 acres
Year built
2018
Type
Single Family Residence
HOA dues
$58.00

Source: NTREIS #20874767

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 18, 2025 12:30 am
Listing agent: Nancy Messiha
Listing provided courtesy of: eXp Realty LLC (888) 519-7431
Details provided by NTREIS and may not match the public record.
MLS ID: #20874767
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.