61 DAVID CT, Hiram, GA 30141
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!
You may be able to put down less than the total down payment amount of $99,221 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: #10370649