VA loan
1 of 59
VA loan
$699,800

165 Homestead Cir, Forsyth, GA 31029

6 beds · 4 baths · 6,090 sqft

Welcome to your dream home, a perfect blend of elegance, space, and thoughtful design. With 6,090 sq ft of finished living space and an additional 793 sq ft of unfinished basement, this custom-built home offers a total of 6,883 sq ft to accommodate all your lifestyle needs. As you step inside through the grand foyer entrance, you'll be greeted by soaring 10' tall ceilings, beautiful hardwood floors, and custom trim details that exude luxury. To your right, you'll find a formal dining room, perfect for hosting family gatherings and dinner parties. To your left, a spacious office offers the flexibility to serve as an additional bedroom or a private office. The expansive living room is a cozy yet elegant space, featuring a fireplace, coffered ceilings, and built-in bookshelves. The kitchen is a true showstopper, offering custom cabinetry, solid surface countertops, a large island, stainless steel appliances, a double oven, and a bright breakfast area. A huge pantry provides abundant storage, and just off the kitchen, a mudroom with a built-in seat, storage lid, and coat rack keeps everything organized. A spacious laundry room with a sink adds to the home's convenience. The main level also features a luxurious master suite, with private access to the back porch for quiet mornings or evenings. The master bath is a serene retreat, and the walk-in closet offers plenty of storage space. Upstairs, a huge loft area overlooks the foyer, creating a sense of openness. This level also features three large bedrooms. One bedroom has access to a full bathroom, while the other two share a convenient Jack-and-Jill bathroom, making it perfect for a family or guests plus a laundry room that is as big as the laundry room on the main level. The finished basement adds even more living space, with a one-bedroom apartment complete with its own laundry room and kitchen. A man cave movie room, equipped with a pool table and built-in TV (both of which can stay with the home), is perfect for entertaining. The remaining unfinished area is already studded and ready to be finished for even more customization. Outdoors, the home is located next to the community pool and clubhouse, giving you the feel of a private resort in your side yard. The clubhouse includes a large covered area with an outdoor fireplace, and there's a lighted tennis court for evening play. Other features include a storm shelter/safe room, high-speed fiber internet, 2023 water heaters, and a roof replaced in 2021. The three-car garage offers ample parking, and the 8' tall doors throughout the house add to the spacious feel. This truly custom home is move-in ready, with all appliances included. It offers the perfect balance of luxury, space, and comfort-an incredible opportunity to own a home with all the upgrades!

Interest rate 3
2.75%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,082
With Roam
$3,258
Reduce your monthly payments by $1,176 when you assume this mortgage.
You also save $376,556 in total interest paid.

$228,012
Edit

You may be able to put down less than the total down payment amount of $228,012 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.

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
Lot size
0.96 acres
Year built
2006
Type
Single Family Residence

Source: GAMLS #10390069

Loan
Remaining term
26 years, 8 months
Rate
2.75%
Monthly P&I
$2,082
Remaining loan balance
$471,787

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Dec 03, 2024 12:14 pm
Listing agent: Kevin Blosser (770) 468-4971
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10390069
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.
$2,082/mo
View details