2631 NEIGHBORHOOD WALK, Villa Rica, GA 30180
Back on the market at no fault of seller. Buyer financing fell through. Welcome to this beautiful 3-bedroom home in the sought-after Mirror Lake subdivision in Villa Rica. Great home is move-in ready and comes with a home warranty (2-10) for 12 months! Ask your lender about USDA or GA Dream which can provide you ZERO down payment or down payment assistance. Beautiful landscaped front yard is breathtaking during day and also impressive at night as highlighted by the custom automatic outdoor lighting. Neutral paint and beautiful floors throughout! First floor includes a formal dining room w/ tray ceiling. Open layout kitchen and living room is anchored by a cozy fireplace and a door that leads to an inviting screened-in porch-perfect for relaxing evenings. The kitchen has stainless steel appliances, including a new Bosch dishwasher and new KitchenAid microwave w/air fryer capabilities. Classic white backsplash, oversize stainless steel sink add modern touch. Seating area includes the counter bar and area for kitchen table. Upstairs you will find a versatile loft area, ideal for an office, exercise space or a serene reading nook. All three bedrooms are located on this level, including the master suite, which is a true retreat. The master bedroom features an elegant double tray ceiling, TWO walk-in closets and a private sitting area, providing a peaceful escape within your own home. The en-suite master bath is equipped with a double vanity, a luxurious soaking tub, and a separate shower. Mirror Lake subdivision offers a wealth of amenities to enhance your lifestyle, including two pools, tennis courts, pickleball courts, park, walking paths, swim team, fishing lake, and an optional golf course membership. The community hosts numerous social events to keep community connected. Conveniently located near I-20 and shopping centers, this home provides both tranquility and accessibility. Don't miss your chance to own a piece of paradise in Mirror Lake!
You may be able to put down less than the total down payment amount of $137,475 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: #10316246