5555 Woodland Dr, Douglasville, GA 30135
3 beds · 2 baths · 1,577 sqft sqft
WELCOME HOME!! BACK ON THE MARKET AT NOT FAULT FOR THE SELLER!! beautiful 4 Sided brick ranch with an Unfinished basement and a corner lot!! located in the highly sought-after Woodland Estates. This home is a rare find offering a blend of modern updates and classic charm in an ideal location. As you step inside, you are greeted by a spacious living area with refinished hardwood floors that lead you to the heart of the home. The kitchen features a breakfast room, a breakfast bar, and a living/dining combo, providing ample options for enjoying meals and entertaining guests. Featuring 3 bedrooms, including a master bedroom with an en suite master bathroom, this home epitomizes comfort and functionality . The bathrooms boast tile flooring and beautifully tiled shower/tub combinations, adding a touch of elegance to the home. Additionally, the huge laundry room comes equipped with built-in shelves and ample space for a large freezer, making household chores a breeze. The highlight of this property is the full basement that you can finished at your desire, complete with a convenient boat door and plenty of storage space. Imagine the possibilities for recreation, storage, or even a cozy retreat in this versatile area. Step outside onto the screened porch and experience the tranquility of the expansive yard with more that half acre! With nature as your backdrop, this is the perfect spot to unwind and enjoy the outdoors. Renovations include newer hardwood floors, fresh paint, updated cabinets, and more, adding to the overall appeal and functionality of this residence. Don't miss out on this unique opportunity to own a meticulously maintained property in Woodland Estates. Schedule a viewing today and make this gem your own!
Source: GAMLS #10333410
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10333410
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 30-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: #10333410
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.