3037 Nicholas Dr, Villa Rica, GA 30180
4 beds · 2 baths · 2,808 sqft
Get a free consultation call with an expert in the mortgage assumption process.
NOW WITH A NEW ROOF! Conveniently located on hole two of Mirror Lake Golf Course, this two story, four bedroom, two and a half bath home is a hidden gem. Unload your groceries in the two car garage without the inconvenience of steps. Send the kids out to a large back yard to run around and play or practice sports. Kick back and relax in a large living room, equipped with a gas fireplace and included large screen TV with surround sound. Set up an office or additional play area in the spacious bonus room. Meals on the fly can be enjoyed in the open concept kitchen with attached dining area, or family meals can be hosted in the private dining room. All four bedrooms are upstairs. The primary bedroom has a large walk-in closet, and the attached bath has Jack and Jill sinks. Three other bedrooms ensure there's plenty of space for guests or a growing family. Outside the home, enjoy the wonderful amenities of Mirror Lake... Pools, tennis courts, pickle ball, playgrounds, trails and so much more. Practice your swing at Mirror Lake Golf Club, or journey in your golf cart to a nearby restaurant. For shopping, just down the road is the new Publix shopping center and downtown Villa Rica, or hop on nearby I-20 and quickly make your way to Atlanta.
Source: GAMLS #10328206
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10328206
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.