481 Riverwood Pass, Dallas, GA 30157
4 beds · 2 baths · 2,319 sqft
Welcome to your dream home! This Ranch home is filled with love and warmth. Upon entering the home you walk into the open floor plan perfect for all family gatherings. The kitchen has a large gray island with white quartz countertops, and the other cabinets are white. The open plan allows for easy access to the dinning, family, and out door patio areas. This is great for those who perfer one level living with all bedrooms on the same level. The primary bedroom has plenty of room and can accommodate a large sofa for private evenings of watching TV/reading and has it's own ensuite that feels like your at the spa. Leading into the master closet and into the laundry room. There are 3 more bedrooms one is being used as an office which is a nice size. Also you have a huge screened in patio to enjoy evenings of peace and quite. This area provides privacy in the spring when the trees are filled in and garden flowers bloom. There is a area to put a grill and a gas line is already for use along with an area for a hot tub where electrical wiring has been installed. Lastly, new gutters guards installed in 2022 to prevent any debris in the drains. Please note that buyers can use there lender but should be approved by preferred lender. Up to $24,250 in Down Payment assistance available to qualified Homebuyers through Preferred Lender!
Source: GAMLS #10440552
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10440552
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.