1019 Walnut Creek Dr, Woodstock, GA 30188
5 beds · 3 baths · 3,654 sqft
Welcome to this spacious 5-bedroom, 3.5-bathroom home, located in a highly desirable neighborhood and sought-after school district. Offering incredible potential and priced below market value, this home is a fantastic opportunity for those willing to add a little TLC and make it their own. The main level features a master suite for ultimate convenience, along with a large, open living area perfect for entertaining or family gatherings. Upstairs, you’ll find three generous bedrooms, providing ample space for a growing family or guests. The fully finished basement is a standout feature, complete with a separate private driveway and entry, making it ideal for use as an in-law suite or income-producing apartment. Whether you're seeking extra living space or rental income, this area provides endless possibilities. Step outside and enjoy the community amenities just a short walk away, including a pool, tennis courts, and a playground – perfect for an active lifestyle. With a little vision and effort, this home can be transformed into your dream property. Don't miss out on this incredible opportunity in a prime location—priced to sell and waiting for you to make it yours! Schedule a showing today and discover all the potential this home has to offer!
Source: FMLS #7548342
Financials
Source: Public records
Source: FMLS #7548342
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.