1183 Lanier Springs Dr, Buford, GA 30518
5 beds · 3 baths · 3,593 sqft
This spacious 3,593 sqft home, nestled on a corner lot, is perfect for a growing family looking to settle in a vibrant community. Enjoy access to amazing amenities like a community pool, tennis courts, pickleball courts, and walking trails just minutes from Lake Lanier and the Mall of Georgia. Plus, with easy access to major highways, commuting is a breeze! Step inside to open-concept living areas flooded with natural light and a cozy fireplace that sets the perfect mood. The gourmet kitchen is a chef’s delight, featuring stainless steel appliances, granite countertops, a huge island, and plenty of cabinet space. Retreat to the luxurious master suite, complete with a spa-like ensuite bathroom (think soaking tub, separate shower, and dual vanities) and a walk-in closet. Three additional spacious bedrooms offer flexibility for kids, guests, or even a home office. Outside, your serene backyard awaits, featuring a patio for entertaining, a lush lawn, and plenty of sunshine. The 2-car garage and beautifully landscaped front yard with a welcoming porch add to the home’s curb appeal. This home has it all—space, style, and location. Don’t miss out—schedule a showing today!
Source: FMLS #7535311
Financials
Source: FMLS #7535311
Source: Public records
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%. 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.
Other resourcesWhat 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.