790 Riverwood Pass, Dallas, GA 30157
4 beds · 3 baths · 2,033 sqft
Just in time for the Spring market. This 3 year young ranch style home comes with a lot of upgrades. Why buy new construction when you can move into this wonderful home in 30 days! The homeowners spared no expense with upgrades that are included in this low list price. Come and check out this beautifully maintained 4 bedroom, 3 full bathroom home, nestled in a quiet, family-friendly neighborhood. There are a lot of upgrades to include the farmhouse sink in the kitchen, screened in patio with an expansion for the barbeque, fenced yard, and a lot more. This home features an open floor plan, stainless steel kitchen appliances, and a cozy fireplace. You can entertain to perfection with this easy flow floor plan. The primary has an ensuite and so does one of the 3 guest rooms. 790 Riverwood Pass is conveniently located near schools, parks, and shopping. The Clubhouse amenities are exclusive with a junior Olympic size pool surrounded by plenty of high grade lounge chairs, tables, and umbrellas, at least 20 pickleball courts, a playground for the children, and a wonderful gazebo. Don’t miss this opportunity to make it yours! Quick close? No problem. And check out this bonus - up to $21,250 in Down Payment assistance available to qualified Homebuyers through Preferred Lender!
Source: FMLS #7533642
Financials
Source: FMLS #7533642
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.