4925 Ridge Rd Douglasville, GA 30134
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About this home
***Assumable VA loan at an incredible 2.9% interest rate! Buyers who qualify can assume this amazing rate and enjoy lower monthly payments -- an opportunity you don't want to miss!***Welcome to your private retreat! This beautifully maintained home sits on 1.31 acres of peaceful surroundings and offers the perfect blend of charm, comfort, and modern updates. Step inside to discover an inviting interior featuring an updated kitchen with granite countertops, stainless steel appliances, oversized owner's suite on the main level and large laundry room. The warm, open living area showcases gleaming hardwood floors and a cozy wood-burning stove -- perfect for relaxing evenings at home. Each bedroom is generously sized, and recent upgrades include a newer roof and hot water heater, ensuring peace of mind for years to come. The versatile finished terrace level offers endless possibilities -- ideal for a media room, home office, gym, or even an additional future bedroom and bath. In addition to the main-level two-car garage, a secondary garage below provides extra space for lawn equipment, tools or outdoor toys! Enjoy the beauty of nature from multiple outdoor spaces: a covered front porch, a side screened-in porch, or a peaceful rear patio. There's even a covered RV carport and ample room for your camper, boat, or other recreational toys. Also, a separate workshop for your projects. With abundant storage throughout -- including attic and under-porch areas -- you'll have a place for everything. All of this is conveniently located within walking distance to grocery stores and restaurants -- offering the perfect balance of tranquility and accessibility. Come experience the charm, space, and lifestyle this exceptional property has to offer!
Source: FMLS #7670796
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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.