5 Ken Ct SW Rome, GA 30165
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About this home
Northberry is home to the popular Cali floorplan at 5 Babcock Drive NE near Rome Tennis Center. This 4 bedroom, 2 bathroom ranch floorplan home has all the space you need to gather with family and friends. Front porch entryway into long foyer with convenient coat closet. Two bedrooms with walk in closets and a full bathroom with tile off hall. Farther into home down hall is 3rd bedroom, laundry room and access to the 2-car garage. Stepping into the main living area, homeowners will enjoy the open layout of chef's kitchen complete with beautiful countertops, exquisitely crafted cabinets, stainless-steel appliances and more. Dining area sits right off the kitchen and living room with convenient access to the covered back porch. All the main living areas boast durable RevWood flooring ideal for active households. Desirable spacious primary suite tucked in the back left corner off the living room where homeowners can enjoy rest and relaxation. Suite offers a large walk-in closet, dual quartz vanity, separate soaking tub and tiled walk-in shower. Make 5 Babcock Drive NE your new home today in Rome, GA.
Source: FMLS #7670389
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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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