9216 Saddlebrook Way Douglasville, GA 30135
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About this home
Now's your chance to own a home in the well-established Saddlebrook Subdivision at a great price! This spacious 5 bedroom 3.5 bath home offers an incredible opportunity to build instant sweat equity with just a little TLC. Featuring a 3 -car garage and tons of living space, this property is perfect for those looking for value, potential, and location all in one. The main level offers a generous layout with a large family room including a floor to ceiling 2-way fireplace, dining area, and open kitchen ready for your personal touches. The Master bedroom is also on the main floor and includes its own master bath complete with a jet tub, shower, his and her sinks and spacious walk-in closet. Upstairs you'll find three additional bedrooms with one so oversized it could easily serve as another master suite! The finished basement adds even more versatility- complete with a 5th bedroom, a partially finished bathroom stubbed for a toilet, and plumbing already in place for a future kitchen area, making it ideal for an in-law suite, teen space or additional lounge area. Residents enjoy community amenities such as a neighborhood pool, tennis courts, and pickleball court. The location also can't be beat - just minutes from I-20, schools, shopping and more you won't have to travel far for anything! Closing Cost assistance available and if you use our preferred lender, he'll beat any interest rate you currently have and pay for your appraisal! Don't miss this incredible opportunity. Schedule your showing today!
Source: FMLS #7666234
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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.