108 Ridgeway Pt, Ellenwood, GA 30294
3 beds · 2 baths · 1,878 sqft sqft
First time home buyers, This is your home!! Come see this beautiful home located in Henry County in a quiet neighborhood with No HOA! This home is on a big wooded lot on a cul de sac road. Did I mention No HOA!! When you walk in you will be greeted with a two story foyer, a living room with high vaulted ceiling, laminate flooring thru out and a gas starting fireplace. Past the living room to the dinning room that is combined with the country kitchen. The Kitchen has updated tiled backsplash, with under cabinet lighting, amazing granite countertops, beautiful laminate flooring and stainless steel appliances. There is a screened in back patio off of the living room. Laundry room and half bath are located on the main level in a hallway leading to a big bonus room that has it's own closet and two sets of french doors to lead you outside to the front of home. Master suite has tray ceiling, full bath with garden tub and a walk in closet. Down the hall you will see two more bedrooms, full bathroom and linen a closet. Don't miss out on this great home. It has a county park right around the corner and convenient to Shops and Grocery stores. The Atlanta airport 25 minutes away.
Source: GAMLS #10363602
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10363602
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.
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: #10363602