664 VALLEY RD, Cedartown, GA 30125
Beautiful and Immaculate four-sided brick ranch home on one of Cedartown's prettiest lots. This home has two lots with flowering shrubbery, blueberries, and trees. Well kept home that was updated six years ago. A welcoming front porch to enjoy the sunsets and a lovely rose garden. Large living room with dining area where both rooms enjoy the beautiful brick gas logs fireplace. The area opens to the gorgeous chef's kitchen with loads of wood cabinets and plenty of granite countertop space with an island to assist in cooking your favorite holiday meals. Granite countertops, pull-out drawers, a pantry. Newer stainless steel appliances with a gas stove. Large laundry room that offers extra storage space. A two-car garage with a storage closet with extra cabinetry is great for storing holiday decorations or potting plants and flowers. The home includes oversized bedrooms with spacious closets, providing ample space for your family's needs. New light fixtures throughout. Newer roof, HVAC, septic lines, LVP throughout. The lovely screened-in back porch overlooks your private backyard. It's an excellent spot for napping, afternoon tea, listening to the Cedartown Bull Dawgs game, and the marching band from the back porch on game nights. Serenity, Privacy, and Convenience are found here. Make this spacious and comfortable home your new home today!
You may be able to put down less than the total down payment amount of $123,181 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: #10364835