1 of 43
$475,000

3517 Village Park Way NW # 6, Kennesaw, GA 30144

3 beds · 3 baths · 2,396 sqft sqft

Wow! You may have just found that townhome that feels like an easy to live in home! This amazing 2 level home has so many elements of a single family home but the great conveniences of a townhome. You could own this home with a possible 3.75% assumable loan for a portion of the existing loan*. Your garage is on the same level as your main living space! Super easy for groceries, coming and going, and entertaining just to name a few of the pluses. Love privacy? Not only do you have your own 2 car garage, you have a long driveway which is amazing for guests. Imagine your guest arriving and walking into your private patio area which is serene, secluded and your slice of heaven. You get that here! Entering your home you have a great multifunctional floor plan that you can switch to meet your needs. Love to entertain? There is a great open floor plan, large kitchen with lots of prep space, enormous center island, S/S appliances, beautiful cabinetry and granite. Your front rooms are very flexible which can be used for a living room, office, formal living room or whatever your needs may be. Looking for move in ready? You just found it! Your next home is immaculately taken care of. The floors gleam, the details shine through, from the impressive crown molding, to the ultra high ceilings and to the extra wide stairwell lined with wrought iron. Accessibility up and down is simply adaptable if needed. Looking for lots of storage? The main bedroom has a large walk-in closet, lots of vanity space in the spa like main bath, and there are lots of closets everywhere as well! Are you looking for a great location? Kennesaw State is very near along with all of the great shopping/restaurants that come with that. This great home is nestled very close to both 75 & 575! Getting to where you want to go is simple & easy! So...what are you waiting for? Rarely do you find a townhome that feels like a single family home. This is it! This is the one! Make your easy appointment to view today before it is gone!

Interest rate 3
3.75%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,423
With Roam
$1,907
Reduce your monthly payments by $483 when you assume this mortgage.
You also save $129,564 in total interest paid.

$216,844
Edit

You may be able to put down less than the total down payment amount of $216,844 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Price per sq ft
$202
Lot size
0.049 acres
Year built
2016
Type
Townhouse

Source: GAMLS #10393121

Loan
Remaining term
22 years, 4 months
Rate
3.75%
Monthly P&I
$1,423
Remaining loan balance
$258,155

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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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Last updated: Nov 19, 2024 06:16 pm
Listing agent: John Eder (678) 984-9523
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10393121
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,423/mo
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