It'sss baaacckkk! You know it, you love it, you probably even wanted it! At the very least you were like why in the world is there a squat rack in the living room (which sorry does not convey)? After many episodes of HEY what can life throw at us this time,502 Huntgate is back on the market and ready for it's new family! You may be looking at the history thinking what in the world is happening here? It's on, it's off, it's back, no wait it's gone again, like that on again off again relationship you had in middle school. Life has a way of lifing and as it turns out making the history of a house look pretty wonky! This time though we're committed, unlike that middle school crush of yours. Now onto the important stuff. 502 is perched perfectly as the queen of the cul-de-sac, looking down adoringly on the circle. Positioned oh so thourghtfully on the lot to enobody both community as well as privacy. The open floor plan boasts a chefs' kitchen, with ample upgraded cabinetry complete with soft close cabinets and drawers. The black cabinets are contrasted with stunning black and white granite. You'll find hardwoods and tile throughout the main level making cleaning a breeze. Speaking of breeze, outside you'll find a combination of serenity from the trees, as well as an open area to play. Complete with large screened in porch for taking in all the seasons. Opposite the screened porch is an additional paver sectioned patio area, currently serving as raised garden beds. These beds are easily removed if you're not about that green thumb life, and prefer extra patio space. As you make your way back inside don't forget to check out the pantry! It's a dream! It wraps around under the stairs, making storing larger kitchen items extra convenient, and also doubles as a storm shelter! As you make you way up the newly done stairs, you'll find 4 well sized bedrooms on the 2nd floor. A large bonus room with one of the two extra dormer storage areas makes a great playroom or game room. The primary suite is the perfect place to unwind after a long day. The bathroom is generously sized with his and hers raised vanities that match the kitchen. A luxurious corner tub with windows around allow for the breeze and natural light to flow in. An extra large walk in shower with dual shower heads completes the primary bath experience. While we were in our off again stage we had time to self reflect, and put in some work so we could come back as the best version possible! That once was carpet on the stairs has been removed and refreshed with a new look. The exterior trim paint was also freshened up in most of those hard-to-reach places. That rusty old gutter was replaced and given a chance at longevity. No more massive tree hanging over it providing a red carpet welcome for unwanted guests (the 4 legged kind, not your in-laws). Some of the crazy tall pines that loomed in a storm are no longer a threat! All 150ft of those big boys are gone too! That pesky wood rot is now in the firepit, replaced and ready to protect. Unlike that relationship you wish you could forget this home is ready and waiting to be a part of creating your lifelong LASTING memories. All spruced up and ready for the next phase. You can rest easy knowing that a home warranty has been provided, and your equity potential is high. Start personalizing your equity with a $2500 seller credit or flooring allowance. The Towne Lake area is setup for families with parks, sidewalks and dining all just minutes away. You can enjoy walking, running or biking on the miles upon miles of sidewalk. If you prefer a more secluded option Lewis park is at the end of the road, walking distance from the home. The schools are top rated and highly desired. 7 miles from downtown Woodstock. 10 Miles from downtown Acworth. The best Publix on the planet is just 2 miles away. Wal-mart, Aldi, Starbucks and Dunkin are all within 3 miles. Inquire about your private showing today!
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.
