3747 Silvery Way, Powder Springs, GA 30127
3 beds · 3 baths · 2,200 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Look No Further! Nearly New Construction with all the right UPGRADES to live well in a community with a dream AMENITY center and PRIVATE access to the SILVER COMET Trail. This home is perfectly sized, impeccably maintained and professionally curated. Greet friends in an open foyer that ensures the family room enjoys privacy. The main level is one open space ready for cozy nights at home or memory making entertaining elevated by crown molding and light dimmers. It starts with a well-appointed kitchen with white cabinets, stainless steel appliances, gas cooking, center island with trash can pullout and pop out storage tray. Kitchen overlooks the eating area and family room with gas fireplace. Step out to a covered rear patio perfect for al fresco dining or a quiet evening outdoors. An outdoor gas line waits for connection to your own grill. Enjoy easy to maintain luxury vinyl floors on the entire main and upper-level hall. Ascend the hardwood staircase to an open rail overlooking the loft space which makes a great home office or common area lounge. At the top of the stairs sits the expansive owner's suite with a private balcony, plantation shutters for ultimate privacy, and a bath with separate tub & walk in shower as well as a deep walk-in closet. Two additional bedrooms round out the upper level, both with ceiling fans. All bedroom closets are equipped with lights. Home also comes with a Samsung Smart Thing Refrigerator & MyQ Controlled Garage Door Opener (both have EZ to use apps for remote access). Laundry room with included washer & dryer. Home has a wired security system to monitor main level doors and three mounted exterior cameras so you always know what's happening at home. 3847 Silvery Way is the total package with three bedrooms and two and a half baths across 2200 sq ft. This home expands for family living or contracts for a lock n go empty nester lifestyle. But the best benefit is the community amenity center which has been curated for the BEST of Cobb County living. The entrance monumentation alone speaks to the quality of life found in TAPP FARM where residents enjoy a CABANA, POOL, PICKLE BALL COURTS, FIREPIT, OUTDOOR GRILL, CORNHOLL & PLAYGROUND. What more could you ask for? Well, let's ice the cake with DIRECT ACCESS to the SILVER COMET TRAIL which provides miles of walking, skating, or biking under the tree canopy behind quiet neighborhoods. This home has it all and then some. Schedule a private tour to see yourself living in this coveted community!
Source: FMLS #7567238
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7567238
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.