191 Oak Mountain Pkwy, Carrollton, GA 30116
5 beds · 4 baths · 3,906 sqft
Price improvement!! Stunning executive estate home, nestled on almost a full acre in the sought after Oak Mountain Park community! Home has been fully renovated and is comparable to new construction! The five bedrooms include dual master suites, one on the main level and one on the second floor with a cozy fireplace, and three spacious secondary bedrooms. Rear upstairs bedroom also features a sitting room and private staircase to the garage area, to easily function as an in-law or guest suite. Recent renovations include new Anderson windows throughout, new flooring throughout, new HVAC, new lighting throughout, new gutters, new interior paint throughout including added shiplap and decorative trim, new laundry room, new kitchen cabinetry, appliances, and countertops, new scullery with wine bar, new butler's pantry & coffee bar area, new powder room, three full baths completely renovated, new master closet addition, new garage doors and opener, new interior and exterior doors throughout, new covered deck & attached open deck, new siding & decorative wood shingles, new stone accents, brick front and all exterior has been newly painted, crawl space has been encapsulated, plus much more! Cul-de-sac location with lake views, and community offers swim amenities. Convenient to West Georgia College, I-20, and miles of bike trails at the Carrolton Greenbelt!
Source: FMLS #7436623
Source: FMLS #7436623
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: #7436623