2020 WASHINGTON DR, Douglasville, GA 30135
This house can be compared to a NEW HOUSE! NEW A/C, nearly NEW Roof, Nearly NEW Water Heater.... All systems are a go and still under Warranty! This house sits on over 1 acre of land, so there is room for everything... a pool, firepit or just to enjoy nature! Mount Vernon Point is in the highly sought after New Manchester high school district! This 5 bedroom, 5 bathroom home is the perfect combination of Traditional charm and luxury! Step inside to discover and inviting layout designed for comfort and style. An elegant foyer welcomes you with a view to the Zen room or large dining room that comfortably seats all your family! Continue onto the large family room with lots of natural light and a view to a private back yard, The kitchen is also directly across from the family room, and this kitchen has it all, lots of cabinets, a center island, double ovens and room for a spacious kitchen table. The laundry room is also on this main level with cabinets and a sink. Completing the main level is a full bathroom and a guest bedroom. The upper level boasts a massive Owners suite with a sitting area and a fireplace and there is a screened in porch off of the Owners suite! There are 3 additional bedrooms upstairs and one of them has its owner private bath and walk-in closet! The finished terrace level is like a mini apartment, a perfect place for teens, parents or make it an Airbnb! There are over 1800 square feet of finished space in the basement alone! You must see this terrace level to believe it! Hurry this house is situated in a cul-de-sac , so not a lot of through traffic! A well kept Gem, you don't need 2020 to see this is a beautiful house with tons of space!
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: #10359822