200 MARGO TRL SE, Rome, GA 30161
Welcome to your dream home at 200 Margo Trl SE in Rome, GA! This spacious 2-story home features a full basement, 4 bedrooms, and 3 baths, providing plenty of room for the whole family. With two HVAC systems - one only 6 years old and the other 10 years old - you can stay comfortable year-round. The roof is just 5 years old, adding peace of mind for years to come. The seller is offering a generous $2500 credit to the buyer to help remove any items left behind, making moving in a breeze. Don't miss out on this great opportunity to make this house your own. We have a new investor loan program with great rates and terms, please contact us to find out more, we can get your approved in 24 hours. (HOME INSPECTION WAS COMPLETED ON 08/27/2024, request it and we will give it to you for free!) Don't miss the opportunity to make this house your new home. Schedule a showing today! This property is being sold "as is." Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. House is not vacant!!! Do not use ShowingTime, Agent is ONLY transactional do not reach out to him, our info is in private remarks, Check out the really good 3D Matterport virtual tour! It shows you everything! Property Problem Solvers will help you solve your problem, for more details get in touch with us!
You may be able to put down less than the total down payment amount of $107,932 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: #10366613