5780 BIG A RD, Douglasville, GA 30135
Beautiful ranch home on 2.15 acres with full basement and access to a garage door. Enjoy the large family room with vaulted ceilings and fireplace with view to the dining room. The warm and inviting kitchen has custom built cabinets, with plenty of counter space and storage. All kitchen appliances are included! On the main level features the master suite with large walk-in closet. Two secondary bedrooms on the main and hall bathroom. A large flex room in the basement which can be used as a bedroom/office/home theater/game room. Shower and sink in the basement. The house has real hardwood floors in the living room and hall and carpet in the bedrooms. The roof, AC unit, and outside paint was replaced/painted in the last 5 years. Home warranty is included! Basement is large and partially finished, waiting for more rooms to be completed. This peaceful retreat is move-in ready and is just waiting for you! Nice front porch to welcome your guest and screened-in back porch for entertaining. Outside features include well maintained grounds and meticulous landscaping. The backyard is a picturesque setting. Large area for a garden and fruit trees. Approximately 15 minutes from shopping, restaurants, the aquatic center, and expressways. 25 minutes from Six Flags Over Georgia for your next summer adventure with your family! Approximately 30 minutes from the airport. This home is a must-see for those seeking comfort and privacy. Don't miss out on this rare opportunity.
You may be able to put down less than the total down payment amount of $43,131 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: #7433607