5915 Partners Pass, Cumming, GA 30028
5 beds · 4 baths · 3,412 sqft
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There are so many factors that make this a great home, it's hard to know where to start--first, the location Imagine living _in a quiet country _setting in Forsyth County and yet only one mile to Highway 400. Less than an hour to Buckhead/Atlanta to the South and less than an hour North to Dahlonega or the mountains. This home is also located on one of the best lots in the neighborhood. It's just across from the large swimming pool and clubhouse. There's a beautiful lake view from the house. Yes, there is a lake in Carruth Lake Estates! The lake has a fishing dock, walking trails and a kid's play area. AS you enter the home, you'll enter the grand room with 18-foot-high ceilings that open UP to the second floor. Spacious loft with additional mixed-use space. Perfect for a "work from home" situation. The separate dining area has Wainscoting / trim and a beautiful, _ coffered ceiling. The modern kitchen has agas cooktop and an Island for food prep and dine-in seating. The first fireplace is in the family room, with built-in shelving on both sides. The garage is a "three-car garage" which was a premium option from the builder. Lots of professionally installed storage racks that will stay_ (if requested). the upstairs was built for function, all rooms have a bathroom in or next to them. A couple of these bedrooms have a great view of the lake as well. The second fireplace in this home is in the Primary Suite. Beautiful two-room layout with walk-in closets. The primary stand-up tile and glass shower and a separate soaking tub. On any level, this is a great home.
Source: FMLS #7500789
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 #7500789
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.