3251 Blackley Old Rd Douglasville, GA 30135
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About this home
Welcome to your next home, this five-bedroom, four full bathroom, meticulously maintained home (by an owner with impeccable taste and attention to detail), a true gem in a vibrant neighborhood. The home features a bedroom and a full bathroom on the main level. The oversized owner's suite sits in its own corner offering an in-home space anyone will be happy to come home to. The bedroom features two sizable walk-in closets and a beautiful bathroom with a double vanity. Upstairs includes three additional bedrooms, one with its own ensuite bathroom and the other two bedrooms have a shared jack-and-jill bathroom between them. The loft upstairs offers an additional in-home lounging or entertainment space. If you enjoy the outdoors, the home features two back patios (one off the main level and one off the terrace level). If the main two levels aren't enough, you have the full unfinished 1,806 square foot basement, which can add to your living space. The possibilities are endless with this home! The home is within close walking distance to the community pool and clubhouse, making utilizing the amenities easy and convenient. To sweeten up this deal, the owner is willing to include some of the furniture as well as a car! Enjoy a rare, stunning view of Tyler Perry’s compound from this immaculate, move-in-ready home in one of Douglasville’s most sought-after communities. Tributary Village offers year-round activities — from holiday porch crawls, book clubs, and food truck nights to swim/soccer lessons, Screen on the Green, and more.
Source: FMLS #7631750
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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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