1250 Matt Moore Ct, Lithia Springs, GA 30122
3 beds · 3 baths · 1,559 sqft sqft
Welcome to The Overlook at Groovers Lake, a charming swim and tennis community nestled in the heart of Lithia Springs. This charming two-story home is perfect for buyers seeking comfort, convenience, and a blank slate to add your own personal, creative touches. As you step into the home, you are greeted with an open concept living space. You'll immediately feel the warmth and pride of ownership in this well-maintained gem. The living room flows into the dining room and kitchen filled with natural sunlight. Whether hosting dinner in the inviting dining area or relaxing in the living room, this home offers a perfect blend of functionality and flow to suit your lifestyle. It also features a spacious two-car garage, providing plenty of room for both vehicles and additional storage. Continuing upstairs, the spacious layout includes generously sized bedrooms, each with ample closet space and flexibility to serve as a home office, nursery, or guest room. The highlight is the expansive primary suite with a private ensuite bathroom for your relaxation. With a brand-new HVAC system offering peace of mind and all major appliances included, this home is truly move-in ready. Enjoy the outdoors on your covered front porch or in your private, fenced backyard. Beyond the walls of this home, The Overlook at Groovers Lake offers a desirable location and fantastic community features. You'll benefit from its proximity to I-20, making your commute to downtown Atlanta convenient. This home is where memories are waiting to be made, offering all the essentials you need with the opportunity to add your own style as you grow. Schedule your showing today and discover why The Overlook at Groovers Lake is one of the best kept secrets in Lithia Springs.
Source: FMLS #7475847
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7475847
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.
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.
MLS ID: #7475847
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.