118 Dorothy Ln, Lawrenceville, GA 30046
5 beds · 3 baths · 3,081 sqft sqft
Come and check out this stunning 5-Bed, 3-Bath home with over 3,000 sq ft, modern upgrades and a backyard oasis. This fairly new home, built just 5.5 years ago, offers the perfect blend of contemporary design and practical living. Situated in a quiet neighborhood, you will find spacious rooms, high ceilings, and an open floor plan that promotes seamless flow between living areas, perfect for all lifestyles and entertaining guests. With five large bedrooms, there is flexibility on how you can use each room. Whether you need a guest room, home offices, or playroom, you'll find plenty of space to make it your own. On the main level, there is a bedroom and bath making it perfect for guests to have their own space as well as an office to work from home. The oversized owner's suite features double vanities, extra-large shower plus an XL closet, which is a fashionista's dream. Additionally, with three full bathrooms, there's no more waiting in line during busy mornings! And the modern kitchen is at the heart of the home, boasting an island, ample counter space, stainless steel appliances such as a built-in oven and microwave; gas cooktop, and an open layout that flows into the living area, perfect for entertaining. Don't forget to step outside to discover your private retreat-a beautifully expanded covered patio, ideal for outdoor dining and lounging is in the backyard while you have a serene front porch for morning coffee.. The private fenced-in backyard boasts a garden with fruits and vegetables, ready for those with a green thumb. Whether you're looking for space, comfort, or outdoor serenity, this home has it all. Don't miss out on the opportunity to own this incredible property!
Source: GAMLS #10386951
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10386951
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: #10386951
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.