3246 Tucker Pointe Dr, Tucker, GA 30084
3 beds · 3 baths · 2,216 sqft
It is all about the Location! The renovated Townhome has everything you need to be comfortable. There are three bedroom and three bathrooms and a half here. Every bedroom has its own private bathroom. Enjoy the deck and the patio that comes with this unit. On the middle floor a family-room with a fireplace overlooks the kitchen with an eat-in area. There is a door that leads to the deck, perfect for grilling. A half bath is also present on this floor. On the upper level there are two additional bedrooms with two full bathrooms. The laundry room is also located on this floor. You can look forward to hardwood like flooring, ceramic tile, and laminate flooring throughout. There is a one car garage and two assigned parking spaces. The recent renovations include a new bathroom on the upper level where the washer and dryer can be found. All full baths were updated with tile flooring with granite or quartz counter tops. HVAC and Water heater are just a few years old. The roof was replaced in 2019. The HOA is responsible for the exterior, this includes the landscaping. This home is only minutes from 285! All appliances will remain with the property.
Source: FMLS #7381923
Financials
Source: Public records
Source: FMLS #7381923
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.
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