VA loan
1 of 40
VA loan
$384,900

2075 Pine Tree Dr, Buford, GA 30518

3 beds · 3 baths · 1,768 sqft

This is the TRIFECTA of RESORT LAKE LIVING! Very Desirable and sought after Buford City School District, Lake Lanier, and a Resort Style Community. Gorgeously updated and meticulously maintained townhome in the exclusive LANIER POINTE. This home features a bright and open kitchen with granite countertops, stainless steel appliances, $8k in upgraded slide out drawers. Additional seating at the breakfast bar which opens to a dining area and family room hosting a fireplace with new gas logs. Just off the family room is private patio with newer pavers. Extensive molding and brand new luxury vinyl flooring throughout the main level giving a warm and elegant feel. The upper level includes a spacious owner's suite with stunning tray ceilings. Updated primary bath is very bright and light including double sinks, jetted tub, and separate shower. Two additional bedrooms both have new carpet. Updated hall bathroom and laundry with Samsung Washer and Dryer (that will remain) complete the upper level. Additional updates include: New furnace, paint throughout, and downstairs bathroom, and wood shelving. Ample storage throughout home. The Lanier Pointe community is nestled among the trees adjacent to Lake Lanier. This community offers a private sparkling pool, well maintained common areas, and NEW private Community Dock (8/24), and Nature Trail to the Lake, making it the perfect place to retreat to! Brand New Roofs (8/24) and gutters have been installed throughout the community. So close to all that Lake Lanier has to offer including new boat ramp at the end of the street, Margaritaville, and downtown Buford are just minutes away from this great location. Located in amazing Buford City School district!

Interest rate 3
3.5%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$316
With Roam
$412
Reduce your monthly payments by $95 when you assume this mortgage.
You also save $20,505 in total interest paid.

$334,594
Edit

You may be able to put down less than the total down payment amount of $334,594 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
Size
1,768 sqft
Lot size
0.03 acres
Year built
1999
Type
Townhouse

Source: FMLS #7450190

Loan
Remaining term
17 years, 10 months
Rate
3.5%
Monthly P&I
$316
Remaining loan balance
$50,305

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 08:42 am
Listing agent: Randall Fick
Listing provided courtesy of: Keller Williams Lanier Partners (770) 503-7070
Details provided by FMLS and may not match the public record.
MLS ID: #7450190
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
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.
$316/mo
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