4026 Villagewood Ln, Ellenwood, GA 30294
4 beds · 3 baths · 2,612 sqft sqft
** Seller Incentives ** Welcome to your dream home in the highly sought-after village of Ellenwood community! Built in 2018, this stunning 4-bedroom, 2.5-bathroom oasis is a masterpiece of sophistication and elegance.Upon entering, you're greeted by not one, but two foyer entrances, setting the tone for the grandeur that awaits. Gorgeous hardwood floors lead you into a chef's paradise kitchen, featuring abundant natural light, beautiful stained cabinets, a stylish tile backsplash, and updated appliances, all centered around a spacious island perfect for hosting unforgettable gatherings.The kitchen seamlessly flows into the expansive family room, complete with a cozy fireplace and ample space for relaxation and entertainment. Adding to the allure is the formal dining room, adorned with a captivating Coffman ceiling and exquisite designer wallpaper, exuding a warm and inviting ambiance.Venturing upstairs, the oversized master suite awaits, boasting a serene sitting room, spa-like bathroom with tile floors, shower, and soaking tub-ideal for unwinding after a long day. Accompanying the master are three additional generously sized bedrooms and a well-appointed hall bath, providing comfort and convenience for the whole family.But the luxury doesn't end indoors-step outside to discover a spacious backyard, perfect for hosting family gatherings or enjoying playful moments with your furry friends.Conveniently located near shopping, restaurants, bars, and just a short drive from downtown Atlanta and surrounding cities, this home truly has it all. Don't miss your chance to own this exquisite property-schedule your showing today and experience the epitome of modern living!"
Source: GAMLS #10351366
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10351366
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #10351366
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.