224 Villa Ridge Ter Dallas, GA 30157
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About this home
Welcome to this beautifully remodeled Cape Cod home, perfectly situated on nearly 2 serene acres of usable land. With its timeless wrap-around porch and classic metal roof, this home offers incredible curb appeal. Inside, you'll find a spacious 4-bedroom, 3.5 bathroom layout. The heart of the home is the stunning new kitchen, featuring white cabinets, granite countertops, stainless steel appliances, and brand-new tile floors. Enjoy a peaceful meal in the eat-in kitchen, which looks out onto the fully fenced, (+-)one-acre backyard. Step outside onto the oversized deck, an ideal space for entertaining and enjoying the outdoors. The main level offers a cozy family room with a fireplace and a private primary suite with its own porch entrance. The en-suite bathroom is a true retreat, complete with a whirlpool tub, sep shower, and a new double vanity with granite countertops, all complemented by a walk-in closet. The upstairs features two additional spacious bedrooms with a full hall bath. Downstairs, the finished basement provides a flexible den, gameroom/craftroom, a fourth bedroom, and a full bath with a shower. Fresh new carpet, kitchen tile, and LVP flooring are throughout the home. This private cul-de-sac lot is a peaceful retreat with a secure, fenced backyard offering the perfect blend of space and privacy.
Source: FMLS #7638708
Neighborhood
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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.