132 Wetherbrooke Ln # 3, Smyrna, GA 30082
3 beds · 4 baths · 2,664 sqft
The meticulously maintained townhome offers a desirable combination of location, amenities, and features, making it an attractive option for growing families, couples or Investors. The Great Room is full of light with rich hardwood floors and opens to flex space is great for a bar or a formal dining room. The kitchen features SS appliances, breakfast bar and a pantry. There are two generously sized main bedrooms, each with its own walk-in closet and full bathroom. There is an additional bedroom on the terrace level that also includes a full bathroom and a bonus room making it ideal for guests, a home office, or as an additional living space. This home is conveniently located with easy access to the interstate, enhancing commuting and travel. The gated community provides added security and additional amenities such as shared green spaces and recreational areas. Tenants work from home so all showings should be scheduled on Saturdays.
Source: FMLS #7524607
Financials
Source: FMLS #7524607
Source: Public records
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%. 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.
Other resourcesWhat 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.
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