8039 Woods Ln, Jonesboro, GA 30236
3 beds · 2 baths · 2,152 sqft sqft
Explore this inviting home nestled in the established Autumn Forest subdivision. This well-maintained residence offers ample space and comfort, perfect for creating lasting memories with your loved ones. Whether it's relaxing in the spacious family room or enjoying holiday meals in the cozy dining area, this home provides a welcoming atmosphere for gatherings. The kitchen is a haven for cooking enthusiasts, featuring plenty of cabinet storage and counter space, ideal for preparing delicious meals. With a roomy layout, it allows for easy multitasking, accommodating both meal preparation and homework time for students. A convenient laundry room off the kitchen adds to the practicality of daily living. The primary bedroom on the main level offers convenience and accessibility, catering to those seeking single-level living. Upstairs, you'll find additional bedrooms, a Jack-and-Jill bathroom, and a versatile bonus room, providing flexibility for various uses. Outside, the property boasts a spacious yard with an outbuilding, offering opportunities for outdoor enjoyment. The home's location provides easy access to I-75 and nearby amenities, including Clayton County International Park, perfect for leisure activities. Schedule your showing today to experience the comfort and convenience this home has to offer in a desirable location.
Source: GAMLS #20170214
You may be able to put down less than the total down payment amount of $28,750 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #20170214
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #20170214
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.