104 PROVIDENCE DR, Carrollton, GA 30116
Step into serenity with this beautifully 3 bedroom, 2.5 bathroom traditional home nestled in a peaceful neighborhood located directly across the neighborhood pool. Boasting a brand-new roof and a recently renovated kitchen along with stainless steel appliances and granite countertops.Located in a sought-after neighborhood known for its tranquility and strong community spirit. Three spacious bedrooms flooded with natural light, offering comfort and relaxation. Two full bathrooms plus a convenient powder room on the main floor for guests. A cozy living room complemented by a fireplace, ideal for quiet evenings, and a separate dining area for gatherings. Enjoy a private backyard, offering ample space for gardening, outdoor dining, and relaxation. Additional shed for storage! Attached two-car garage with additional storage space for tools and equipment. Enjoy peace of mind with a brand-new roof ensuring durability and efficiency. Hardwood floors throughout the main level, enhancing the home's warmth and character. Freshly painted interior in a neutral palette, creating a serene atmosphere. Abundant closet and storage space throughout the home, ensuring organizational ease. Conveniently located near top-rated schools, parks, shopping centers, and dining options. A perfect fusion of timeless architecture and contemporary upgrades, providing comfort, style, and functionality for modern living. Embrace the opportunity to call this charming residence your new home. Schedule your tour today!
You may be able to put down less than the total down payment amount of $147,567 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10332973