101 Vinings Dr SE, Rome, GA 30161
4 beds · 4 baths · 3,976 sqft
Get a free consultation call with an expert in the mortgage assumption process.
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
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7363402
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.