91 COLONY DR, Dallas, GA 30132
Welcome to your dream home! Nestled in a serene neighborhood without any HOA restrictions. As you step inside, youCOll be greeted by an inviting foyer leading up to an open-concept living area filled with natural light, and warm welcoming tones. The spacious living room seamlessly flows into the dining area and updated kitchen, complete with newer stainless steel appliances, ample counter space, and cozy breakfast nook. Perfect for entertaining or enjoying family meals. Upstairs boasts 3 spacious bedrooms and two full baths. Lower level features versatile oversized bedroom that could be used for play area, media room, home office, second living room-endless possibilities await! Plus plenty room for storage. Step outside to your private backyard oasis, where youCOll find a spacious deck perfect for BBQs and gatherings. With NO HOA you have the freedom to personalize your outdoor space however you wish. With a new water heater installed in 2019, AC/Furnace, Toilets, Luxury LVP flooring in 2023, and Fence with 12 ft gate on the back side of the yard in 2021 you can enjoy peace of mind knowing your home is equipped for everyday living. This home is truly move-in ready, meticulously maintained and awaiting for you to make it your own. DonCOt miss this opportunity to experience a perfect blend of comfort and style in this lovely property. Schedule your showing today!
You may be able to put down less than the total down payment amount of $195,055 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: #10376274