2311 Carrington Dr, Ellenwood, GA 30294
6 beds · 3 baths · 3,795 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Come check out this beautifully remodeled home that is ready for you to move in and make it your own! Stunning new easy-to-maintain LVP floors invite you into the 2-story foyer and effortlessly carry through to the spacious living room and formal dining. Soaring vaulted ceilings, skylights, and a cozy fireplace with tile accents make the living room the quintessential spot for family and friends to gather and make lasting memories. Entertain your friends in the formal dining room with chair railing, a kitchen pass-through perfect for intimate or large gatherings. The well appointed dreamy kitchen features granite counters, tile backsplash, NEW stainless steel appliances, gorgeous upgraded tile floors, and a bright breakfast room with a wall of windows! Retreat to the first floor oversized primary bedroom suite with stunning double tray ceilings, walk-in closet, a new en-suite bath with dual sinks, granite counters, soaking tub, fully tiled frameless glass walk-in shower and double doors to the back deck, the ideal place to enjoy your morning coffee while listening to bird songs. Upstairs, 3 spacious and bright secondary bedrooms and an updated full bath ensure room for everyone! Don't miss the fully finished basement with an oversized bedroom with a walk-in closet, second bedroom with easy access to a full bath, and a large open space, perfect for a man cave, home office, playroom, you name it! Outside, enjoy a large deck with wooded views, as well as plenty of green space and lots of privacy. Renovations also include new paint and a new driveway - No detail has been overlooked! Conveniently located off I285, you are minutes away from downtown Atlanta for all your entertainment, shopping and fine dining needs you won't want to miss this one~ Schedule your tour today!
Source: FMLS #7493861
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7493861
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.