61 David Ct, Hiram, GA 30141
3 beds · 2 baths · 1,418 sqft
Welcome home to 61 David Court! This charming, traditional-style home will not disappoint! Enjoy the serene, private wooded yard while you sit on your covered front porch. Upon entering, you will see that this thoughtfully updated home is perfect in so many ways. The open concept on the main living floor is perfect for entertaining. The kitchen boasts stainless steel appliances, an oversized island, granite countertops and a perfect view through the oversized windows into the back yard. With a separate, open concept dining area, you have plenty of space to host friends and family. Don't feel like entertaining? Just cozy up to your fireplace and unwind. Upstairs, you will see three nicely sized bedrooms with walk-in closets and two full bathrooms. The oversized garage has more than enough space for two cars and room to spare! You could easily create a small workshop, "mud room", or use it as additional storage. Sitting on just over a half-acre, this home truly is a gem. The private lot provides the opportunity for relaxing, gardening, or even entertaining, while still being convenient to everything you could need. And to top it off, not only is there no HOA, the roof, gutters, and HVAC system are approximately three years old so you can focus on making this home your own and not worry about repairing these big ticket items!
Source: FMLS #7449760
Source: FMLS #7449760
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: #7449760