1059 Amber Waves Ave, Hoschton, GA 30548
7 beds · 5 baths · 5,018 sqft
Welcome to this spacious and elegant home located in sought-after Heritage Point with swim and tennis amenities, nestled on a large, level lot in a peaceful cul-de-sac. Boasting over 5,000 square feet of finished living space that includes 7 bedrooms and 5 bathrooms, this home is perfect for families and entertainers! The main level offers a beautiful layout featuring a formal dining room, a home office with custom bookshelves, and a guest bedroom with a full bath. Enjoy cozy nights by the double-sided fireplace that connects the living room and keeping room, which is also open to the breakfast area, kitchen, and sunroom, creating the perfect flow for everyday living and hosting special events. The sunroom opens to the deck where you have the perfect atmosphere and view of the annual neighborhood 4th of July fireworks! Upstairs, you'll find a luxurious primary suite complete with a sitting area and its own fireplace. The en suite bathroom is a true retreat, offering two vanities, a soaking tub, a tiled shower, and a large walk-in closet. The second level also includes a spacious laundry room, two bedrooms that share a hall bath, and two additional bedrooms connected by a shared double-vanity bathroom. The daylight basement provides even more space for entertaining and relaxing, with a centrally located open area, a living room, a bedroom, a full bath, and two large unfinished storage areas ready for your personal touch or seasonal decor! Conveniently located near shopping, dining, and easy access to the interstate, this home has everything you need for comfortable, convenient living. Don't miss the opportunity to make this your dream home! 2-10 Home Warranty seller coverage currently in place that buyer can choose to continue. $1,000 buyer credit toward closing costs with Supreme Lending.
Source: GAMLS #10408355
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10408355
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: #10408355
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.