263 Chandler Ridge Dr Douglasville, GA 30134
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About this home
GREAT HOME ON CUL-DE-SAC LOT IN SOUTH PAULDING HIGH SCHOOL DISTRICT! THIS HOME IS IN A PERFECT SINGLE STREET NEIGHBORHOOD. THERE IS A BEAUTIFUL WRAP AROUND FRONT PORCH THAT IS A PERFECT SPOT TO ENJOY COFFEE WHILE OVERLOOKING THE LANDSCAPED YARD. UPON ENTERING THE HOME, YOU WILL IMMEDIATELY NOTICE THE 2 STORY FOYER WITH HARDWOOD FLOORS AND THE FORMAL DINING ROOM WITH CHAIR RAIL. THE FOYER IS ALSO OPEN TO THE LIVING ROOM THAT FEATURES A ROCK FIREPLACE WITH GAS LOGS & BUILT-IN BOOKSHELVES WITH CABINETS. THE KITCHEN HAS OPEN SIGHT LINES TO THE LIVING ROOM. THERE IS A LARGE BREAKFAST AREA IN THE KITCHEN WITH A BAY WINDOW THAT ALSO ALLOWS ACCESS TO THE BACK DECK FOR GRILLING. THERE ARE SEVERAL WINDOWS IN THE KITCHEN THAT ALLOW FOR NATURAL LIGHT TO COME IN. GREAT CABINET & COUNTER SPACE ALONG WITH A PANTRY WILL PROVIDE YOU WITH PLENTY OF STORAGE & PREP SPACE IN THIS KITCHEN. OFF OF THE KITCHEN IS A HALF BATH FOR GUESTS. IN THAT SAME HALL IS THE LAUNDRY ROOM ON THE MAIN LEVEL. UPSTAIRS IS THE MASTER SUITE WITH DOUBLE TREY CEILING & THE 1ST WALK-IN CLOSET. THE MASTER BATH HAS A DOUBLE VANITY, SEPARATE SHOWER, TOILET ROOM, GARDEN TUB & 2ND WALK-IN CLOSET. THE SECONDARY BEDROOMS ARE SPACIOUS AND SHARE A HALL BATH. ONE OF THE GUEST BEDROOMS IS LARGE ENOUGH TO HAVE A SITTING AREA OR OFFICE AREA. IF YOU NEED MORE SPACE, THERE IS AN UNFINISHED DAYLIGHT BASEMENT FOR EXPANDING IN THE FUTURE. THERE IS A PATIO AREA OFF OF THE BASEMENT FOR RELAXING IN THE SHADE WHILE YOUR FAMILY ENJOYS THE FENCED BACKYARD. ONE LAST GREAT FEATURE THIS HOME HAS IS A 2 CAR GARAGE ON THE MAIN LEVEL WHICH IS PERFECT FOR UNLOADING GROCERIES. THIS IS A GREAT FLOORPLAN AND A MUST SEE!
Source: GAMLS #10533904
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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.