1 of 30
$505,900

9160 Dover St, Lithia Springs, GA 30122

5 beds · 3 baths · 3,332 sqft

Welcome to this captivating and meticulously maintained property nestled in a charming residential neighborhood. As you approach the home, you're greeted by a well-manicured lawn, neatly trimmed shrubbery, and a beautifully landscaped front yard that sets the tone for the delightful experience that awaits.Stepping through the inviting front door, you're immediately struck by the home's warm and welcoming atmosphere. The spacious living room, with its tasteful decor and ample natural light, creates a serene and comfortable setting for relaxation and entertainment. Nearby, the formal dining room boasts elegant furnishings and a charming chandelier, offering the perfect space for hosting intimate gatherings or grand celebrations.The kitchen, the heart of the home, is a culinary enthusiast's dream. Featuring gleaming appliances, ample counter space, and thoughtfully designed cabinetry, this space is truly the epitome of functionality and style. Imagine the joy of preparing delectable meals while taking in the tranquil views of the well-maintained backyard.As you venture upstairs, you'll discover a remarkable master suite that exudes luxury and comfort. The spacious bedroom, with its plush carpeting and soothing color palette, provides a peaceful oasis for unwinding after a long day. The en-suite bathroom, with its elegant fixtures and ample storage, offers the perfect blend of form and function.The additional bedrooms, each with their own unique charm and character, provide ample space for family members or guests. The hallway bathroom, tastefully appointed and well-maintained, ensures convenience and privacy for all.The backyard of this remarkable property is a true oasis, offering a tranquil and private retreat. Lush greenery, thoughtfully placed trees, and a well-designed patio area create an inviting atmosphere for outdoor gatherings, barbecues, or simply enjoying the serene ambiance.This exceptional home, with its meticulous attention to detail and commitment to quality, is a true gem in the neighborhood. Whether you're seeking a forever home or an exceptional investment opportunity, this property is sure to exceed your every expectation. Schedule your private viewing today and experience the charm and elegance that this remarkable residence has to offer.

Interest rate 3
3.5%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,141
With Roam
$1,554
Reduce your monthly payments by $412 when you assume this mortgage.
You also save $106,777 in total interest paid.

$298,559
Edit

You may be able to put down less than the total down payment amount of $298,559 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.23 acres
Year built
2016
Type
Single Family Residence

Source: GAMLS #10392585

Loan
Remaining term
21 years, 7 months
Rate
3.5%
Monthly P&I
$1,141
Remaining loan balance
$207,340

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 23, 2024 06:12 pm
Listing agent: Earl Coleman (770) 354-9888
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10392585
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,141/mo
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