3212 Wheldon Way Douglasville, GA 30135
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About this home
With the PRIMARY SUITE AND GUEST SUITE on the main level, an unfinished basement, located on one of the neighborhood's pocket parks, AND AN ASSUMABLE LOAN, this is a rare opportunity in the coveted Tributary at New Manchester! Built by Haven Homes, 3212 Wheldon Way offers quality construction and incredible Craftsman features you can't find in other homes. You are welcomed with lovely park views from the covered front porch and find private relaxation space with a rear deck and fenced back yard. Inside, the main floor showcases the large open and flowing space with massive kitchen featuring a seated island, quality cabinetry, double ovens, gas cooking, and large pantry. The separate living and dining areas with a double-sided fireplace provide lovely spaces for entertaining while the family room and eat-in kitchen with views to the back yard provide a relaxing atmosphere. Main level living is a breeze in this home with the large primary suite, guest room with full bath, and laundry room all on the main floor! Upstairs, the three bedrooms are large with generously sized closets. Two bedrooms share an attached Jack and Jill bath while the third bedroom has an attached private bath. The unfinished basement is ready for your design to expand, or use it as a home gym, office, or storage. Tributary is a place like no other with true community and activities for everyone! The resort-style amenities including multiple pools, tennis center, community gym, playgrounds, dog parks, nature trails, and numerous green spaces are all included in the HOA dues along with internet and TV service.
Source: FMLS #7622406
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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.
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