If you are looking for more room for your loved ones, more room for guests AND more room outside to enjoy, this beautiful 6 BEDROOM, 5 FULL BATH, CUSTOM HOME with OVER 5600 SQFT OF AIR-CONDITIONED LIVING SPACE, resting on a wonderful 1-ACRE LOT, is set up perfect for you! Located in the heart of the Dawsonville 400 corridor (only 2 miles from the N. Georgia Premium Outlets, a half mile from Hwy 400, and just 4 miles to the nearest Lake Lanier boat ramp), this home has an exclusive convenient location to go along with its amazing features. This home resides in the sought after swim/tennis/pickleball neighborhood of Oak Forest, a former “Best Subdivision in Dawsonville” winner. Located on a quiet cul-de-sac, entering the property is a breeze via a wonderfully level driveway. Once inside the home you’ll immediately notice the character placed into this custom home. On the main level you’ll find a FORMAL DINING room, OPEN KITCHEN with DOUBLE OVENS, a two story high family room with a FIREPLACE, BREAKFAST ROOM, and a SUPER COZY KEEPING ROOM with a SECOND FIREPLACE. Perhaps the best part of the main level is the oversized MASTER-ON-MAIN primary suite which offers a SITTING AREA with wonderful views, ON-SUITE BATH WITH SEPARATE TUB AND SHOWER, and even includes a HIS-AND-HERS SPLIT CLOSET. Continuing through the main level there is a second bedroom, and a full bath to accommodate guests, a MAIN LEVEL LAUNDRY ROOM with a sink, and access to TWO OUTDOOR DECK SPACES. One deck space is FULLY SCREENED to keep out the critters. The other deck space is open and perfect for your new grilling station. As we move through the home, kindly notice the OAK HARDWOOD FLOORS RUNNING THROUGHOUT the top two levels. Continue upstairs to find three more bedrooms. One of which is an ON-SUITE WITH ITS OWN PRIVATE FULL BATH, perfect for the teen or guest who would prefer to have their own space. Another OVERSIZED BONUS SPACE (400+sqft) could be perfect for siblings rooming together, a generous guest suite, or is certainly large enough to be easily purposed as a bonus gathering space or theater room. There is a third generous bedroom upstairs which also enjoys its own entry into the hallway full bath. Downstairs is a NEWLY, AND TASTEFULLY, FINISHED WALKOUT TERRACE LEVEL, you will find OVER 2100SQT OF OPEN AND FLEXIBLE SPACE. Complete with a NEW FULL BATH, LAUNDRY HOOKUPS AND SEPARATE EXTERIOR ENTRY path available from the driveway, the terrace level is a blank canvas to be anything you could want or need from the extra finished space. Outside you will appreciate how gentle the terrain is, especially for the area. The back yard, which is conveniently fenced in, offers a slight slope, but is easily walked and enjoyed. Along with the LEVEL DRIVEWAY, the 3-CAR GARAGE offers ample parking for your vehicles and even has room for a motorized toy or two. Oak Forest boasts a clubhouse available for your large gatherings, swimming pool with resort style chairs, tables, and umbrellas, and modernized tennis/pickleball courts complete with stadium lighting for night play. Compare this home with its features, location, neighborhood, and competitive price, and you will find this is a hard one to beat! Call to schedule your private showing today! *** BONUS OFFERING*** CUTOMIZE THIS HOUSE WITH YOUR OWN STYLE WITH A $10,000 CREDIT TOWARDS PAINTING AND UPGRADES!!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
