203 Overlook Ct Dallas, GA 30157
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About this home
Welcome to your 5 bed/2.5 BA family home in the swim/tennis neighborhood, The Overlook. You will love the inviting rocking chair covered front porch to enjoy neighborhood views. Hardwood flooring, wainscoting accents, crown molding, and 9’ ceilings are showcased throughout both levels of home. The impressive 2-story entryway opens to a separate oversized formal dining room that could seat more than 12 people! The OPEN floor plan flows into an expansive family room with fireplace, kitchen dining area, and chef’s kitchen with an abundance of counter space for cooking and cabinets for storage. Kitchen highlights include a large central island for prep, coffee/desk nook, spacious pantry, gas range, microwave, and dishwasher! The family room and kitchen provide a bright and airy atmosphere with windows overlooking your back deck and large private fenced backyard. Upstairs, the oversized owner's suite has a deep tray ceiling and enough space for a reading nook or a home office. Primary bathroom includes dual vanities, soaking tub, shower, and generous closet. Laundry room is conveniently located upstairs. Generous secondary bedrooms have roomy closets and plenty of windows providing natural light. Need even more room? You can enjoy your bonus 1132 sq ft. unfinished daylight basement with peaceful woodland views and your fenced backyard. Oversized 2 car garage. The Overlook is a desirable swim/tennis community with playground, clubhouse, and private access to the Silver Comet Trail for outdoor enthusiasts. Great location! Close to schools, shopping, dining, and hospital. Look no further and come see your next home!
Source: FMLS #7620056
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.