102 CESSNA DR, Canton, GA 30114
Located in the brand new Cherokee High School district! $35,000 in recent renovations and situated on a premium corner lot! This house showcases beautiful wood and stone. The open floor plan shows off the brand new 7" real hardwood floors with a 40' run from the front door to the back AND in the owner's suite. They are laminated AND waterproof! Large kitchen with new quartz countertops in iCloud finish. Premium new backsplash and LG new gas range features an air fryer and new LG microwave vent hood. All new cabinet knobs, new modern lighting throughout, new LED can lights, all outdoor lighting too! Interior has been freshly painted with Sherwin Williams premium paint in a Cashmere. With oversized closets in every room, there is so much storage in this home. 3 secondary bedrooms and stairs have new plush carpet with an 8 lb pad. Enjoy entertaining with so much space and easy access to the grill and backyard patio. TWO pantries in the kitchen, TWO coat closets and a walk in laundry room with cabinets. Roof is only 5 years old. Low utility bills in this solid and quiet home and it comes with a warranty! This house is NOT an investor flip! ALL high quality upgrades. The exterior has Hardie siding and a handsome stacked stone facade. Extra long driveway for your guests and a fenced in yard for your pets! This cozy neighborhood has mail delivery direct to your house! Close to Publix, Kroger & Ingles. 5 minutes to downtown Canton and 575. HOA only $300/yr.
You may be able to put down less than the total down payment amount of $216,940 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7441437