3180 Ashton Old Rd, Douglasville, GA 30135
4 beds · 3 baths · 2,100 sqft
Nestled in a charming community with southern craftsman style architecture. This stunning home is full of surprises! From its soaring ceilings and tall doors to the thoughtful design, every detail creates a sense of openness and elegance. There is no carpet throughout. The main level boasts a bedroom complemented by a beautifully tiled full bathroom with granite countertops. The kitchen provides a view into the living room and dining area (Just over the island) and comes a full stainless steel appliance package. The open concept floor plan is ideal for hosting, with abundant natural light and ample storage throughout. Upstairs, the primary suite offers an ensuite with a large tiled shower, dual vanities, and a walk in closet. Jack-and-jill style bedrooms provide additional flexibility for guests or family on a separate side of the home. Freshly painted and impeccable maintained, this home is a must-see! With it Southern charm, spacious layout, and prime location just 30 minutes from downtown Atlanta. Its the perfect blend of style, comfort and convenience. Step outside to a fully fenced backyard designed for low maintenance and maximum enjoyment. With private rear garage access and minimal grass upkeep, this home is a private as it is beautiful. This portion of the community has a shared common area with a park bench and firepit. The highly sought-after neighborhood offers resort-style amenities, including a massive swim and tennis clubhouse, a fitness center, and a nearby putting green. The HOA is extremely active with events, and it includes perks such as trash pickup. Internet, and grounds maintenance, ensuring convenience and value. Outdoor lovers will appreciate the proximity to the Chattahoochee River and Sweetwater Creek state park, while easy access to schools, restaurants and Atlanta's airport makes this location unbeatable.
Source: FMLS #7551592
Financials
Source: Public records
Source: FMLS #7551592
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.
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.
