70 Ivey Meadow Dr Dallas, GA 30132
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About this home
Welcome home to this spacious home that has been lovingly cared for. The sellers have created wonderful memories and hate to leave so now it's your turn! You will love entertaining in the oversized family room that opens to the breakfast area and the spacious kitchen. Picture yourself having a party - there is more than enough room in this kitchen for your family gatherings. Continue roaming downstairs and you will ENJOY the spacious dining room . The main level also features a guest bedroom and a full bathroom. The garage has been converted to a comfortable relaxing theatre room. Escape to this room, turn your surround sound up, grab some popcorn and get ready for movie night. *** This room is easy to convert back to a garage. Estimates are $1,000.00. Owner will provide $1,000.00 incentive to use for the conversion or however you choose. **** No worries, there's a large storage room for all of your extras connected to the covered patio, where you can relax and barbecue in the large yard. Upstairs has a great loft that can be used as an office. The owners suite is HUMONGOUS and features a sitting room, his/hers closets, and double vanities in the bathroom. The 3 secondary bedrooms and 2 other full baths provide ample space. Relax on the covered patio downstairs and enjoy barbecuing in the large yard. Roof is approximately 3 years old.
Source: GAMLS #10609269
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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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