56 Ruth Way, Douglasville, GA 30134
4 beds · 3 baths · 2,448 sqft
Get ready to be wowed by this stunning home in Smallwood Farms, featuring luxurious upgrades throughout! Step inside to a grand two-story foyer, flanked by a formal dining room on the left and a versatile living room or office space on the right. Continue into the heart of the home-a chef's kitchen that is truly a dream come true. This fully updated space boasts quartz countertops, a custom eat-in island, sleek 42-inch cabinets, and premium GE Cafe appliances. It's a culinary paradise designed for entertaining and easy access to the spacious living room with fireplace, where friends and family can gather for unforgettable moments. The fun doesn't stop inside! Just beyond the living room outside, discover a beautiful flagstone patio complete with a built-in grill, perfect for showing off your barbecuing skills while hosting guests. Enjoy day or evening gatherings with dimmable lighting that creates the perfect ambiance for any occasion in the large fenced in backyard. Upstairs, unwind in the serene owner's suite, featuring a spacious walk-in closet. The primary ensuite evokes the feel of a luxury spa, complete with an elegant open shower and a freestanding soaking tub. Additional bedrooms on the second floor offer fresh new carpet and paint, providing comfort and style for all. This home offers the perfect blend of luxury, comfort, and modern amenities, all within a highly desired school cluster and close proximity to shopping, restaurants and highways -don't miss your chance to call it your own today!
Source: GAMLS #10391961
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10391961
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 45-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: #10391961
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.