70 Tea Rose Ln, Dallas, GA 30132
4 beds · 3 baths · 3,159 sqft
Explore an exceptional opportunity for luxurious resort-style living in the highly sought-after Seven Hills community, acclaimed as one of Georgia's top master-planned neighborhoods! This stunning 4-bedroom, 3-bathroom home, crafted in 2019, showcases over 3,100 square feet of lavish living space designed for both entertainment and family relaxation! Step inside to discover a grand foyer seamlessly blending classic elegance with modern touches, leading to a formal dining room ideal for a home office or study. The heart of the home reveals a chef's dream kitchen with top-of-the-line appliances, double ovens, a gas range, and an expansive walk-in pantry. Enjoy meals at the large island, sunny breakfast nook, or formal dining room. The main level offers a flexible guest bedroom or office space, full bathroom, and mudroom. Upstairs, the primary suite features tray ceilings, a sitting room, and a luxurious ensuite bathroom. Additional spaces include a cozy loft, two spacious bedrooms, and a secondary bathroom. Abundant natural light and ample storage make this home a standout. Outside, discover meticulously maintained landscaping, a charming covered front porch, and an extended cement patio perfect for outdoor gatherings. Residents of Seven Hills enjoy access to top-notch amenities including a water park, swimming pool, trails, clubhouse, and various sports courts, creating an active and vibrant community. PLUS resort-style amenities! Don't let this one get away!
Source: GAMLS #10409549
Source: GAMLS #10409549
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: #10409549
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.