7350 S MITCHELL CT, Villa Rica, GA 30180
Welcome to this highly sought-after maintained 4-sided brick home on the 7th hole of the golf course. The floor plan is laid out perfectly starting out with a 3-car garage. As you walk in you are greeted with a separate dining room, a newly painted cozy living room with brick fireplace, and a recently updated kitchen with new countertops and backsplash. The primary bedroom has doors leading to the fenced-in backyard perfect for morning coffee. The tall ceiling with windows in the bathroom brings in all the natural light. The finished area in the basement is perfect for a recreation, family room, man cave, or 4 BR, that is stubbed for a bath. The home also has a versatile bonus room with an HVAC vent above the garage and over 600 square feet of unfinished space, offering endless possibilities for customization. Some additional features include: a new roof with gutter guards, new interior paint, a fenced-in backyard, and a moisture mitigation system installed in the basement by Aquaguard with a warranty. Join the Gated community life with a large skiing lake, a marina with dock slips, a separate fishing lake, an 18-hole golf course, 2 restaurants, tennis courts, a playground, walking trails, & pools. This home is conveniently located near the front gate with easy access to I-20.
You may be able to put down less than the total down payment amount of $171,023 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: #7427231
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.