797 Old Dalton Rd NE, Rome, GA 30165
5 beds · 4 baths · 2,786 sqft sqft
NOW OFFERED with 6.6 Acres!! Tucked in the foothills of the Appalachian mountains, this meticulously maintained, almost brand new home offers style and boundless natural beauty. With over 6.6 private acres, this property is a haven for those seeking tranquility and endless outdoor possibilities. Leave your worries behind with premium professional upgrades in the kitchen which is a culinary delight, equipped with stainless steel appliances including two dishwashers, commercial grade refrigerator, 6+ burner gas range with side by side ovens plus an oversized island. The kitchen overlooks the newly designed family space with a gorgeous fireplace and ample space. Just off the family room, through the oversized, sliding panel doors, is the covered deck which is perfect for indoor/outdoor living and entertaining. This versatile home includes five well-appointed bedrooms plus over 500 sq ft of storage space that could be beautifully finished offering flexibility to meet your personal needs. The acreage offers immense potential for homesteading, crafting or personal retreat. Property can be purchased with less acreage (3.3 acres) at a lower price. L
Source: FMLS #7461546
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7461546
Source: Public records
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.
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: #7461546