VA loan
1 of 35
VA loan
$679,999

403 Pebblebrooke Ln, Canton, GA 30115

3 beds · 4 baths · 4,129 sqft

Beautiful 1.5 story ranch is on a fully finished basement in Pebblebrooke Subdivision with immaculate landscaping. 12' plus ceilings in foyer, dining room, kitchen, and 15+ ceilings in living room. 10' plus ceilings in all 3 bedrooms. This split floorplan offers privacy for master's suite and easy access to the common areas. When you enter the home there is a foyer with the huge dining room is to the right. The living room has a gorgeous fireplace plus huge windows for natural light that will catch the eye. The living room can be seen from the kitchen so everyone can be involved in conversation and festivities. Off the kitchen is a sizeable breakfast nook. The large master bedroom has a big ensuite with a jetted tub, double vanity, water closet and enormous walk-in closet. On the other side of the house are 2 substantial bedrooms and a full bath. There is a bonus room on the upper level which has a full bath and closet. In the basement, you will find an office with a full bathroom, a bonus room with a closet, a dry bar/dining area with attached entertainment area, a workout room, and another bonus room with access to lower level patio and the back yard, and a workshop. The entire finished basement is heated and cooled by central air, and has electric sockets in every room. The 2-car garage has an accessible ramp which goes straight into the main floor of the house. In addition to the 2-car garage, there is a parking pad and a driveway that will hold 6 additional vehicles. The garage is equipped with built in shelves which do not impede garage space for vehicles. The front yard is beautifully landscaped. Enjoy the large deck with double staircase providing easy access to backyard and lower patio. The wooded area beyond the grassed backyard is perfect for exploring, making trails and having fun. The main level has 1,922 square feet. The upper bonus room has 415 square feet. The fully finished basement has 1,792 square feet. This house is huge and has several areas for togetherness and separate activities. Don't miss out!

Estimated
Seller's interest rate
2.75%
7%
Estimated
Monthly payment
$1,775
$2,782
You may also save up to $323,121 in total interest paid.
Listing price
$679,999

Your cash down payment
$276,739
Seller’s estimated current equity is $276,739
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 $1,775 monthly payment

Financed
$403,259
Assumed mortgage 2.75% • Seller's rate
$403,259
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
Lot size
0.71 acres
Year built
2002
Type
Single Family Residence

Source: FMLS #7455440

Loan
Remaining term
26 years, 9 months
Rate
2.75%
Monthly P&I
$1,775
Remaining loan balance
$403,259

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?

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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: Dec 07, 2024 12:08 am
Listing agent: Carrie Tegeder
Listing provided courtesy of: Battle Residential Real Estate (770) 928-7445
Details provided by FMLS and may not match the public record.
MLS ID: #7455440
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.
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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.
$1,775/mo
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