4335 COMMODORE RD, Powder Springs, GA 30127
Welcome to this charming country home, 5 Bedrooms, 2 and 1/2 Bathrooms located within walking distance of the Silver Comet Trail. Situated on 2.66 acres, there is plenty of space for your greenhouse, garden or family campground--let your imagination run wild. The 2 car garage and the additional 3 car parking pad is available to accommodate family or guest vehicles. Enjoy your own private in-ground swimming pool with your family and/or guests. Some upgrades have been done to the home. You will enjoy sitting out front on the covered porch watching the rain fall or watching nature. Walking through the front door into the foyer, to the left is the primary bedroom with ensuite bathroom, double vanity, separate shower, whirlpool tub and large walk-in closet on the main floor. To the left is the living room that flows into the dining room which is completely open to the kitchen providing ample space family gatherings. The half bathroom has been updated. Upstairs, you'll find four bedrooms with a fully updated bathroom. Some of the heavy lifting has already been done for you: a new roof (less than a year old), a 2 yr old water heater, the interior and exterior has received a fresh coat of paint enhancing the home's curb appeal and the in-ground swimming pool has been recently been updated with a brand new liner. This home's backyard space with the cabana, outdoor kitchen and pool is ready for your family and guests to enjoy before winter arrives. You will enjoy the quietness and secluded feel of the land area. An easy 30 minute drive to Atlanta airport and downtown. All big major shopping and restaurants are within a short distance drive. Don't miss the opportunity to make this your dream home!
You may be able to put down less than the total down payment amount of $253,206 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: #10379008
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.