121 AMELIA WAY, Ellenwood, GA 30294
Welcome to 121 Amelia Way, Ellenwood, GA 30294, where luxury and technology converge in this stunning 4-sided brick SMART HOME. This expansive residence boasts 5 bedrooms, including an oversized primary suite, 3 full bathrooms, ensuring space and comfort for the entire family. Step inside to discover a modern oasis where convenience meets sophistication. The home is equipped with an optimal sound system throughout, perfect for entertaining guests or enjoying your favorite music in every room. Advanced top-tier lighting and security cameras which provide peace of mind and added security. The kitchen features sleek countertops, stainless steel appliances, and ample cabinet space, making it a chef's dream. Adjacent is a quant dining area, ideal for hosting intimate dinners and gatherings. The generous primary suite is a retreat unto itself, featuring a spa-like ensuite bathroom with dual vanities, a soaking tub, and a separate shower. Four additional bedrooms offer flexibility for a home office, gym, or guest accommodations. Outside, enjoy the triangular lot which offers space on all four sides, perfect for outdoor activities and relaxation. The attached garage provides convenience and additional storage space. Located in the desirable Ellenwood area, this home offers easy access to schools, shopping, dining, and major highways for commuting, just minutes from the busiest airport in the world. Don't miss the opportunity to own this exceptional SMART HOME where luxury, technology, and comfort converge. Schedule your showing soon!!!
You may be able to put down less than the total down payment amount of $191,346 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: #7426465