4275 HUNTCLIFF TRCE, Douglasville, GA 30135
BACK ON THE MARKET with INSTANT EQUITY home APPRAISED ABOVE SALE PRICE - Seize the opportunity to own this outstanding traditional home. Discover the place you've been anticipating in the sought-after Plantation at Dorsett Shoals. This residence boasts 6-bedroom suites, bedroom on the main, including a primary bedroom with dual sinks, a spacious walk-in closet, a sitting area, tray ceiling, and crown molding. 5.5 bathrooms, a laundry room, and a 2-car garage with an extended driveway that can host 4 more vehicles is where convenience meets luxury. This well built spacious home offers 3 levels of living space with bedrooms and bathrooms on each level. The basement has its own entry and exit which is great for potential rental or in-law suite. The main level showcases hardwood floors, formal living room, formal dining, breakfast area that leads to a deck with an adjacent screen in porch. Step into a 2 story foyer as you head to the great room adorned with a fireplace. Additionally, the main level presents a private guest suite with a full bathroom. Once you get to the upstairs there is a loft space that can be a media room, study, second living room, yoga room, play room or office. This home is sold AS-IS and is priced to sell with room in the price for the new buyer to make improvements and call this house their own. COMPS SOLD - #20168041 $614.9K/ #10251862 $603K/ #20164895 $595K. The value is in there.
You may be able to put down less than the total down payment amount of $199,264 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10317134
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