5010 Fieldstone View Cir, Cumming, GA 30028
3 beds · 2 baths · 2,050 sqft
Nestled in a family-oriented swim, tennis, and basketball community, this beautiful stepless ranch home is just minutes from GA 400 and offers convenient access to Dawsonville's shopping, dining, and outdoor recreational options. As you step into the spacious entry foyer, you're welcomed into an inviting family room with a vaulted ceiling and cozy fireplace. This open-concept space seamlessly connects to the kitchen and dining area, which boasts granite countertops, slide-out cabinet shelves, and upgraded stainless steel appliances. The dining room is perfect for large holiday gatherings with family and friends. French doors open to a bonus room for added indoor relaxation and entertainment space. The property features three bedrooms and two bathrooms, with the large primary suite offering a walk-in closet and a bathroom complete with a double vanity, soaking tub, and walk-in shower. The split floor plan ensures privacy, with two additional bedrooms sharing a full bath. Additional highlights include a laundry room with cabinet storage, a hall coat closet, and a garage that provides ample space for storage or a workshop. The home is equipped with a newer heating and air conditioning unit installed in 2021, a newer hot water heater, 6" gutters replaced in 2023, and a roof in excellent condition. The fenced in backyard with patio, level driveway and low maintenance property complete this move-in-ready home. Experience comfort, convenience, and community living in this North Cumming gem
Source: GAMLS #10366849
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10366849
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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?
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?
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?
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?
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.
MLS ID: #10366849