3185 Delhi Dr, Powder Springs, GA 30127
4 beds · 3 baths · 1,482 sqft
Welcome to this beautifully reimagined 4-bedroom, 2.5-bathroom ranch home—a true sanctuary that offers an oasis of tranquility. Situated on a large, level lot, this stepless home has been thoughtfully modernized and revitalized throughout, blending designer elegance with comfort and style. The open, spacious layout boasts breathtaking natural light, offering a perfect balance of expansive living spaces and intimate retreats. The chef’s kitchen is a true highlight, featuring brand-new custom cabinets, stunning quartz countertops, and new stainless steel appliances, including a sleek slide-in range and fridge. The tile backsplash adds a touch of sophistication, elevating the kitchen’s overall design. New upgraded LVP and carpet flow seamlessly throughout the home, while new plumbing and electrical fixtures ensure modern functionality. With a new hot water heater and partial new gutters, this home has been meticulously maintained, offering peace of mind and long-term value.The primary suite, located on the main level, is a private retreat, spacious and designed with your comfort in mind. Enjoy a spa-like experience in the beautifully renovated bathrooms, where every detail has been upgraded for an elevated living experience. Whether you are enjoying the outdoors or retreating to one of the stunning interior spaces, this home offers a harmonious blend of elegance and functionality. With its beautiful finishes and custom features, this home is more than just a house—it’s a sanctuary that invites you to live in comfort and style every day.Photos include virtually staged photography.
Source: FMLS #7534664
Source: FMLS #7534664
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.