218 MERIWETHER LN, Villa Rica, GA 30180
4BR/3BA STEPLESS RANCH-STYLE HOME ON CORNER LOT!!! Welcome to 218 Meriwether Lane, a charming four-bedroom, three-bathroom stepless ranch-style home located in South Paulding. This corner-lot property offers convenience and comfort all on one level, ideal for those seeking easy living without compromising on space. Step inside to discover a sprawling open living area that seamlessly blends the kitchen, dining, and living room, creating a perfect environment for both entertaining and everyday life. The kitchen features modern appliances and plenty of counter space, making meal prep a breeze. The primary bedroom is a peaceful retreat, while one of the secondary bedrooms includes a private bath-perfect for guests or extended family. The other two secondary bedrooms share a hallway bath. The laundry room is conveniently located in the hallway near the center of the home. Step outside to a cozy backyard with a covered rear patio, perfect for relaxing or dining outdoors. The fenced backyard provides the perfect spot for Fido to get some sun while you enjoy privately overlooking from the patio. Situated just west of Atlanta and minutes from I-20, this home offers easy access to everything Metro Atlanta has to offer. Take in a Braves game at Truist Park or go watch Atlanta United or the Falcons battle at Mercedes-Benz Stadium! Whether you're headed to shopping and dining in Hiram or West Cobb, or taking a short drive to the University of West Georgia in Carrollton or Chattahoochee Tech and Georgia Highlands in Dallas, you'll love the convenience of this location. 218 Meriwether Lane is more than a house-it's a place to call home. Don't miss out on this fantastic opportunity!
You may be able to put down less than the total down payment amount of $135,871 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: #10351836