160 Red Wood Dr, Dallas, GA 30132
6 beds · 4 baths · 3,848 sqft sqft
Welcome to this beautiful craftsman-style 6-bedroom, 4-bathroom home located in the highly desirable Seven Hills Community. As you step into the large open floorplan, you'll notice the beautiful hardwood floors and a spacious kitchen equipped with stainless steel appliances and granite countertops. The kitchen also features stained cabinetry, a granite island, a double oven, and gas cooking. The large separate dining room allows for a spacious dining area, perfect for entertaining. The stone fireplace is the focal point of the home and opens into the kitchen, creating a great space for gathering with family and friends. The main level includes a bedroom with a full bath, perfect for accommodating guests. The oversized primary suite features a tray ceiling and a sitting area, and boasts a large walk-in closet, providing the perfect retreat. The large ensuite bathroom offers double vanities, a soaking tub, and a spacious tiled separate shower. The additional three bedrooms upstairs are spacious and include walk-in closets. The backyard is private and landscaped, and the home is situated on a cul-de-sac street. Living in Seven Hills offers access to incredible amenities such as a water park, swimming pools, tennis courts, pickleball, basketball, and a newly updated clubhouse. Additionally, there's a sports field, playground, and dog park, providing a wonderful community experience. This home also offers one of the largest floorplans in the neighborhood. Moreover, it's within walking distance to a shopping center with a Publix, various restaurants, and schools. Don't miss the opportunity to enjoy resort-style living in this fantastic community!
Source: FMLS #7471414
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7471414
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: #7471414
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.