1030 Chateau Forest Rd, Hoschton, GA 30548
5 beds · 5 baths · 6,821 sqft
Luxurious Craftsman Home with Endless Space and Style in highly sought after Mill Creek School Cluster! Welcome to this luxurious craftsman home on a FULL BASEMENT that offers both functionality and stylish fixtures at every turn. With a two-car side-facing garage, spacious driveway, established landscaping, and a stunning brick exterior, this home exudes curb appeal. Step inside to a crisp and bright entryway that opens up to a formal dining room and adjoining living room, offering the perfect setting for entertaining guests or enjoying quiet moments. The heart of the home is the large eat-in kitchen, equipped with stainless steel appliances, a sleek vent hood, under-cabinet lighting, an island, gas cooktop, and a copper backsplash. Just off the kitchen is a cozy keeping room with a fireplace, offering the perfect space to relax or use as a home office. The main level also includes a bedroom, full bathroom, half bath, and laundry room—all designed with convenience in mind. Upstairs, you'll find three generously sized bedrooms and two full bathrooms, including the HUGE PRIMARY SUITE. This retreat offers all the space you need to unwind, featuring a sitting room, double-sided fireplace, intricate tray ceilings, custom closet system, freestanding soaking tub, frame-less shower, and herringbone tile flooring a spa-like feel. The terrace level is a fantastic extension of the main living area, perfect for entertaining and hosting special gatherings. It includes a wet bar, media room, flex space, another bedroom, and a full bathroom, giving you the ultimate flexibility for whatever your lifestyle demands. As spring approaches, get ready to make memories in your new home, whether it’s enjoying the outdoors on your deck or inside your spacious layout. You will love the seclusion and trees. Neighborhood is beautiful to walk and also a good workout. Conveniently located near top rated schools, parks, recreational facilities, plenty of shopping and dining options, and major highways for an easy commute, this home truly has it all. Chateau Elan Winery and Golf course, Mall of GA, Little Mulberry Park are all close by. Plan a visit today and start imagining the easy transition into your dream home!
Source: FMLS #7534819
Financials
Source: Public records
Source: FMLS #7534819
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.