999 Dixie Dr, Jonesboro, GA 30236
3 beds · 2 baths · sqft
Prime location in well-established neighborhood. This 3 bedroom 2 bath home features newer laminate hardwood flooring throughout for ease of maintenance. Nice kitchen with stained oak cabinets, newer appliances, built-in microwave, dishwasher and refrigerator. Open and flowing floorplan great for entertaining with a vaulted family room, and cozy fireplace for the cool Georgia nights. Large primary bedroom with a vaulted ceiling and spa-like bath features a large garden tub for relaxing after a long day, and a separate shower. Nice sized secondary bedrooms with access to the hall bath. 2 car garage great for storage or parking out of the elements. The low-maintenance exterior with vinyl siding makes this the ideal place to call home. Don't miss this great opportunity to own this well-cared-for home. It is an excellent location near schools, shopping, places of worship, and a convenient location near I-75 to commute to Hartsfield Atlanta airport or Downtown Atlanta. The home is currently occupied by a tenant so a 24-hour notice prior to showing is requested, Use Showingtime to request showings.
Source: GAMLS #10458965
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10458965
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.
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