107 Grace Cir, Acworth, GA 30102
3 beds · 3 baths · 2,844 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Veterans, take advantage of the Sellers assumable VA loan, with an interest rate of 2.99% This amazing active adult community is a perfect choice for a relaxed lifestyle! Discover this stunning 3-bedroom, 3-bathroom ranch home with a full, finished daylight basement! A charming front porch welcomes you into a meticulously maintained, better-than-new home featuring a guest suite and full bath on the main level. Enjoy beautiful LVP flooring throughout the main living areas, with cozy carpeting in the bedrooms. The upgraded white kitchen boasts a center island, stylish pendant lighting, and stainless steel appliances, all flowing seamlessly into the oversized vaulted living room with a fireplace and a spacious dining area — perfect for gatherings. The luxurious primary suite includes a spa-like bath with an oversized shower, custom seat, shampoo niche, double vanity, elegant neutral tile, and a large walk-in closet. Relax on the rare screened porch, complete with a stone fireplace and gas logs, ideal for morning coffee or evening entertaining. The finished basement offers a generous den with access to the gated patio yard, a full bedroom and bathroom comparable to the main level, ample storage, and the potential for a future office or fourth bedroom. Enjoy the benefits of this vibrant Active Adult community with a clubhouse, scenic walking trails, and low-maintenance living — the HOA covers landscaping, irrigation, and termite protection. Conveniently located near Woodstock, Towne Lake, historic Acworth, and Lake Allatoona. More than just a house, this home offers an exceptional lifestyle!
Source: FMLS #7544272
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7544272
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 of Equal Opportunity Act.