101 Vinings Dr SE, Rome, GA 30161
4 beds · 4 baths · 3,976 sqft
Located in the desirable Oaks at Collinwood neighborhood, luxury meets serene comfort in this stunning 4-bedroom, 3.5-bathroom home built in 2022. Step inside and experience the epitome of contemporary living with an incredible open floorplan designed to facilitate seamless interaction and entertainment. As you enter, you'll be captivated by the spaciousness of the main level, where the heart of the home resides - the stunning kitchen. With top-of-the-line appliances, sleek countertops, and ample storage space, this kitchen is every chef's dream. It effortlessly flows into the adjoining living and dining areas, creating a perfect environment for hosting gatherings. The large primary suite on the main level offers a tranquil retreat featuring a spa-like en-suite bathroom. Convenience is key in this home, with a spacious laundry room and half bath also situated on the main level. Venture upstairs to discover three additional spacious bedrooms, each offering comfort and privacy for family members or guests. Two well-appointed bathrooms cater to the needs of these bedrooms. The large bonus/media room is perfect for movie nights, game days, or a home gym. Outside, the allure of The Oaks at Collinwood continues with beautifully landscaped surroundings and a sense of tranquility that permeates this gated neighborhood. With its in-town prime location this home offers a lifestyle of luxury and comfort that is truly unmatched and is extremely low maintenance. Other items to note: Since purchasing, the seller had the crawlspace fully encapsulated with 3 commercial dehumidification systems, French drain installed around the home with integrated downspouts, as well as repaired and upgraded the deck and upgraded the garage with wainscotting and accent paint.
Source: FMLS #7363402
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7363402
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: #7363402
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.