71 TUPELO DR, Dallas, GA 30132
Welcome to this stunning 5-bedroom, 3-bathroom house nestled in a quiet cul de sac. This home offers a perfect blend of elegance and functionality, ideal for modern living. As you step inside, you'll be greeted by a spacious and open floor plan. The main level boasts a bedroom with a walk-in closet and a full bath, providing convenience and privacy for guests or multigenerational living. The heart of the home is the beautiful kitchen, featuring ample storage space and a walk-in closet, ensuring that all your culinary needs are met. Upstairs, you'll find an oversized owner's suite, complete with a luxurious bathroom featuring a tub and an oversized shower. This private retreat is a haven of relaxation and tranquility. Additionally, there is a secondary bedroom with a walk-in closet, perfect for accommodating your growing family or offering extra space for guests. The loft area on the second level is versatile and can be transformed into a home office or a playroom, catering to your specific needs. Convenience is key, and this home offers a laundry room on the second level, making chores a breeze. Finally, a large unfinished basement provides endless possibilities for customization and expansion, allowing you to create the space of your dreams. Don't miss the opportunity to make this house your home. Schedule a viewing today and experience the unparalleled comfort and potential it has to offer.
You may be able to put down less than the total down payment amount of $93,115 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: #10338085