5509 Village Trce, Union City, GA 30291
4 beds · 3 baths · 2,871 sqft
This southside gem, situated in one of Georgia's fastest-growing communities and near the Atlanta Hartsfield-Jackson Airport, Camp Creek Marketplace, and Tyler Perry Studios, with easy access to interstates 285 and 85, boasts an award-winning floor plan with four bedrooms, 2.5 bathrooms, and over 2800 square feet of living space. Upon entry, you view its high ceiling and open-concept floor plan with touches of crown molding enhancements. The heart of the home is the spacious family room and well-equipped kitchen, separated by a three-sided fireplace. The first floor has an attached living and dining area, with a family room, kitchen, washroom, and half bath to enhance everyday living. Ascending to the second story reveals a delightful children's or family retreat, ensuring that playtime or family gatherings are just steps away from the four bedrooms, including a luxurious master bedroom and bathroom complete with a massive tub with gorgeous columns for ultimate relaxation. The expansive walk-in closet offers ample space and instills a sense of organization for busy households. Freshly painted walls and new carpet breathe life into each room, making it ready for a new owner. Nestled within a quiet neighborhood with a community pool and active HOA, this property promises a house and a lifestyle enriched by convenience and community connection. The homeowner/listing agent holds an active real estate license in the state of Georgia.
Source: FMLS #7547396
Financials
Source: FMLS #7547396
Source: Public records
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%. 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.
Other resourcesWhat 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.
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