VA loan
1 of 122
VA loan
$1,399,000

225 Westbourne Dr, Tyrone, GA 30290

5 beds · 6 baths · 5,605 sqft sqft

Welcome to this STUNNING, luxurious, quality-built home on a breathtaking, well-manicured 2.88 acres in the prestigious community of River Oaks! This brick and stone European style estate features architectural delights and custom designs galore. On the main, step into a life of luxury starting with gorgeous oversized double front doors that open into a warm and inviting two story entry. Immediately looking out a wall of windows, you will notice a resort like retreat complete with a sparkling swimming pool and a beautiful fountain. The formal living and dining rooms offer a cozy place for relaxing by the fireplace or dining while overlooking your back yard oasis. An open floor plan includes an exquisite gourmet kitchen with state-of-the-art appliances, ample custom cabinetry, honed quartzite countertops, a breakfast bar and a unique, commissioned mural sure to be a conversation piece! A second dining area opens to a wonderful great room with 20+ foot ceilings, built ins and a large fireplace perfect for entertaining or family gatherings. Off the kitchen, you find a bright and sunny office with a built-in desk, wall of cabinets, a spacious walk-in pantry, and a laundry room. Down the hall is your breathtaking primary en suite complete with chandeliers, double vanities, soaking tub, and his and her walk-in closets. A floor to ceiling bay window makes a fabulous place to sit and relax with a book, or gaze out the windows overlooking your private back yard. Double doors lead out to a brick patio perfect for your peaceful morning coffee or evening beverage. The second bedroom which has a fireplace, full bath and walk-in closet, is currently being used as an office but would make a great spot for guests or in-laws. Take either of the impressive two stair cases up to an expansive media/den/game room area offering enough space for a pool table or ping pong table, bar and a piano. A surprising balcony overlooks the lower level! Three other spacious bedrooms each have their own private full bath. As if all this wasn't enough, this special home offers a full walk-out expansive unfinished basement just waiting for you to add your imagination and personal touches! This is a dreamy, move-in ready, lovingly maintained Street of Dreams home ideally situated in a convenient swim, tennis, clubhouse subdivision just minutes to I-85, the Town of Trilith, movie studios, dining, shopping and golf. Award winning Fayette County schools are the icing on the cake of this gorgeous home! Easy to tour with a pre-qualification letter from your lender or proof of funds. Call today for a private viewing!

Interest rate 3
2.625%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,184
With Roam
$3,279
Reduce your monthly payments by $1,094 when you assume this mortgage.
You also save $340,367 in total interest paid.

$906,403
Edit

You may be able to put down less than the total down payment amount of $906,403 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
0 sqft
Lot size
2.88 acres
Year built
2004
Type
Single Family Residence

Source: FMLS #7453047

Loan
Remaining term
25 years, 11 months
Rate
2.625%
Monthly P&I
$2,184
Remaining loan balance
$492,596

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 22, 2024 08:57 am
Listing agent: Heidi Becker (678) 548-7294
Listing provided courtesy of: Keller Williams Realty Atl Partners (770) 632-1112
Details provided by FMLS and may not match the public record.
MLS ID: #7453047
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,184/mo
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