5069 Glendora Dr Powder Springs, GA 30127
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About this home
Welcome to this Charming well maintained, move-in ready home, perfectly tucked away on a peaceful cul-de-sac in the sought-after neighborhood of Melrose Square. There are many updates including NEW WINDOWS, NEW FLOORING, NEW WATER HEATER, NEW PLUMBING AND NEW ELECTRICAL! From the moment you step inside, you’ll love the bright, open spaces accented with stylish finishes throughout. The main level features gorgeous, low-maintenance LVP wood floors and an inviting living room with soaring vaulted ceilings, a striking accent wall, bay windows that flood the space with natural light, and a cozy fireplace—ideal for relaxing after a long day. Entertain with ease in the spacious dining area with seamless access to the outdoor deck. The kitchen boasts updated white cabinetry and quartz counters and storage space for all your cooking needs. Upstairs, retreat to the serene primary suite complete with with a private en-suite bath featuring dual sinks, a walk in shower and separate tub. Two spacious secondary bedrooms and a full bath provide plenty of room for family or guests. Step outside to a tree lined backyard backing to serene woods for ultimate privacy. Enjoy an upper-level deck perfect for gatherings and a finished bonus living space in the basement. Super Low HOA fee - less than $10/mth! Conveniently located minutes to the main road, I -20 expressway and downtown Powder Springs for shopping, dining, and entertainment. Schedule your tour today! DISCOUNTED RATE OPTIONS AND NO LENDER FEE FUTURE REFINANCING MAY BE AVAILABLE FOR QUALIFIED BUYERS OF THIS HOME.
Source: FMLS #7643662
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Close stress-free in 45 days, handled start to finish by Roam.
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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.