253 Villa Grande Dr Locust Grove, GA 30248
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About this home
2.875% Rate Assumable VA with Roam! Welcome to this stunning 4-sided brick, 4-bedroom, 3.5-bath home located in the heart of Locust Grove. Perfectly situated in the desirable Berkeley Lakes subdivision, this home offers not only comfort and style but also access to fantastic amenities, including a swimming pool, clubhouse, and playground. With shopping, dining, entertainment, and easy highway access just minutes away, convenience is right at your doorstep. This newer build has been beautifully maintained and thoughtfully updated, featuring hardwood flooring throughout the main level and a Master on the Main for added comfort. As you enter, you’re greeted by a formal dining room with beamed ceilings and an accent wall, creating the perfect setting for gatherings. The dining room leads seamlessly into the open-concept kitchen, designed with granite countertops, a tiled backsplash, stainless steel appliances, white cabinetry, and a spacious island. Flowing from the kitchen, the light-filled living room offers a welcoming space with its electric fireplace and access to the screened-in back patio and private, fenced backyard. The oversized master suite is a retreat of its own, complete with beamed ceilings, two walk-in closets, and a spa-like ensuite featuring dual vanities, white cabinetry, a soaking tub, and a tiled stand-up shower with a sliding glass door. Upstairs, you’ll find three generous bedrooms, including a Jack-and-Jill suite, two full bathrooms, and a loft-style living area—perfect for a game room, movie nights, or extra lounge space. Don’t miss the opportunity to call this beautiful Berkeley Lakes home your own. Schedule your showing today!
Source: FMLS #7637014
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45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.