111 STILLWOOD DR, Newnan, GA 30265
This Beautiful and Quaint 4 bedroom/2.5 bath home is move in ready. Enter into a foyer open to a large family room. This home features a front porch for sipping lemonade and a covered patio if the sun is too hot. The kitchen features oversized wood cabinets, built in microwave, granite countertops, walk in pantry and an eat-in breakfast area. Oversized two car garage has a stepless entry into the large kitchen, making grocery storage a breeze. A very large laundry room on the second floor has plenty of space for storing vacuums, hanging clothes and can accommodate even the large washer/dryer combos. The Enormous master bedroom suite can hold oversized furniture. The master bath features a separate shower, soaking tub, separate water closet and double sinks. The large walk in master closet even has a window! There are 3 additional bedrooms with ceiling fans and large closets and a second full bath nearby. Two inch blinds throughout will remain with the home. The exterior of the home features easy care concrete siding. Association fees cover weed control for the front yard and maintenance of common areas. This home is convenient to great schools, shopping and I-85. This home will not last long in today's market! ***Ask me how to receive a free appraisal or $1000 Lender credit using our Preferred lender***
You may be able to put down less than the total down payment amount of $132,996 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: #10346706
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.