210 Millpond Pkwy, Villa Rica, GA 30180
5 beds · 4 baths · 4,256 sqft sqft
This spacious 5-bedroom, 4-bath home is situated in a charming neighborhood that offers the best of both worlds: the tranquility of small-town living with the convenience of offering easy access to I-20, minutes from shopping. Boasting one of the largest floor plans in the community with 4,256 sq. ft., this home is perfect for families or those who enjoy entertaining. Upon entering, you'll be greeted by a grand 2-story foyer that leads to formal living and dining areas, as well as an exceptionally large great room. The main level showcases an open-concept eat-in kitchen that flows seamlessly into a fireside family room ideal for gatherings and entertainment. The eat-in kitchen stands out with a generous open layout, bar-style seating, and plenty of cabinet space. This home is perfect for both cozy family living and hosting guests. Conveniently located on the main level is a large bedroom with access to a full bathroom, offering flexibility for guests or multi-generational living. This thoughtful layout provides privacy and comfort for all. Upstairs, you'll find four additional bedrooms, including the expansive primary suite, which features a cozy sitting area perfect for unwinding after a long day. The ensuite bathroom boasts dual vanities, a separate shower, and a soaking tub, creating a spa-like retreat, not to mention the massive walk-in closet is every owner's dream. The 3 additional bedrooms are of exceptional sizes, share 2 full baths, and for added convenience, the upper level also includes a laundry room and a generously sized loft area that can serve as a versatile space for relaxation, entertainment, or a home office. This is a must-see home that has enormous potential for a big family.
Source: GAMLS #10395429
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10395429
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: #10395429
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