VA loan
1 of 57
VA loan
$1,350,000

1120 Vintage Club Dr, Duluth, GA 30097

5 beds · 4 baths · 5,509 sqft

Golf Course Living in the prestigious St. Ives Country Club of Johns Creek! Welcome to 1120 Vintage Club Drive, a spacious and elegant home ON THE GOLF COURSE but perfectly tucked away affording privacy while relaxing around the pristine yard and entertainer's dream deck. When entering through the grand 8' foot Sapele Mahogany door, you'll be greeted with a "Gone with the Wind" style entrance foyer, setting a tone of sophistication and grandeur. The property features real, solid hardwood floors throughout both levels, ensuring a timeless and durable foundation. The kitchen, recently renovated, boasts stone countertops, a new backsplash, and stainless appliances. It's a functional and stylish space ideal for home chefs and family gatherings. Adjacent, the living room impresses with a massive soaring ceiling and captivating stone fireplace, creating a warm and inviting atmosphere. The main floor includes a vaulted master bedroom, providing privacy and convenience. The home contains a total of 5 meticulously renovated bathrooms, each designed with modern finishes. The master bath specifically stands out as a place of tranquility and luxury. An outstanding feature of the property is the rooftop portico balcony, offering scenic views that would make even Rapunzel envious. Additionally, the house sits on a prime golf course lot, with a backyard perfectly suited for adding a pool if desired. The unfinished terrace level, featuring high ceilings and ample light, is ready for your personal touches and finishes. Outside, the side entry garage ends at a convenient location, making it an ideal spot to add a two-bay separate garage should you need extra parking or storage space. Johns Creek is a vibrant community known for its excellent schools, safe neighborhoods, numerous parks, and easy access to shopping, dining, and entertainment. In summary, 1120 Vintage Club Drive provides a combination of space, style, and location, making it an ideal home for those seeking comfort and convenience in a prestigious area.

Estimated
Seller's interest rate
3.42%
7%
Estimated
Monthly payment
$2,938
$4,052
You may also save up to $295,305 in total interest paid.
Listing price
$1,350,000

Your cash down payment
$804,021
Seller’s estimated current equity is $804,021
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $2,938 monthly payment

Financed
$545,978
Assumed mortgage 3.42% • Seller's rate
$545,978
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
5,509 sqft
Lot size
0.484 acres
Year built
1989
Type
Single Family Residence

Source: GAMLS #10390915

Loan
Remaining term
22 years, 1 month
Rate
3.42%
Monthly P&I
$2,938
Remaining loan balance
$545,978

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

expand content

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.

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Last updated: Oct 30, 2024 10:45 am
Listing agent: r. todd roseberry (404) 664-8633
Listing provided courtesy of: Keller Williams Rlty First Atl (404) 531-5700
Details provided by GAMLS and may not match the public record.
MLS ID: #10390915
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,938/mo
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