228 Dellwood Dr SE, Smyrna, GA 30080
3 beds · 4 baths · 2,493 sqft sqft
This property has a VA loan which could potentially be assumed. The best location to enjoy The Jonquil City. Easily walk to the Blanket Concerts, Food Truck Fridays, Shopping, Restaurants at The Shops at Belmont & Smyrna Market Village! This house is nicely appointed as it was once the model home for the development. Kitchen on the main level with SS Appliances, a Dining room and Family Room complete with a gas fireplace, Powder room & hardwoods on main and throughout the second Floor where you'll find your Primary bedroom with en suite spa like bathroom. Complete with walk in shower, soaking tub, double vanities, and his and her closets with convenient access to the Laundry room. 3rd Level could easily be a fourth bedroom complete with full bath. There is even potential to make a fifth bedroom. The third level can serve as a media or bonus room or a large office with enough room to fit a pool table. There are built in cabinets for extra storage as well. Enjoy the flagstone patio with built in Gas Grill with a separate area perfect for a garden! This house checks all the boxes. One of the best locations in the Neighborhood conveniently located across from the pool and covered outdoor fireplace, perfect for entertaining your guest, complete with Extra parking for your Guests! Complex is gated and has a dog park and low HOA fees for all that you get! Currently rented for $3250 a month on a twelve month lease. Professional property management. This unit rents quick and tenants stay. Meticulously maintained and easily managed.
Source: GAMLS #10360889
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10360889
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: #10360889
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