1221 RICHMOND RDG, Loganville, GA 30052
Finally, The Bright & Open Floor Plan With Giant Master Suite Of Your Dreams + Possible 5th Bedroom, Guest Suite, or Study On The Main Level, With A Full Bathroom, On Nearly An Acre Of Land, With A Completely Fenced Backyard & Room For A Pool! Conveniently Located In Award Winning Loganville School District. As You Walk Through The Professional Landscaped, Flat & Easy To Maintain Yard, The Covered Front Porch Leads You To The Grand Two-Story Foyer. You Will Immediately Notice The Gleaming Hand Scraped Hardwood Floors, The Fireside Family Room, Formal Living, & Dining Room. Keeping Room With Soaring Ceilings, Opens To The Gourmet Kitchen With Granite Countertops, Tile Backsplash, Upgraded Appliances, Double Oven With Cooktop, Double Door Pantry, & Stunning Bay Windows With Custom Trim. On The Main Level You Will Also Find A Flex Room Full Office/ Possible 5th Bedroom Guest Suite Complete With A Full Bathroom Perfect For Entertaining Guests. A Wood Burning Or Electric Fireplace Means NO GAS BILL! As You Walk Up The Staircase With Upgraded Iron Balusters, The Second Level Features 4 Bedrooms All With Soaring Cathedral Ceilings. The Primary Suite Offers Beautiful Natural Lighting, His & Hers Double Vanity Sinks, Garden Tub, Stand Up Glass Shower, Water Closet, & Huge Walk In Closet. The Spacious, Fully Fenced, Flat, & Easy To Maintain Backyard Oasis Awaits, Enjoy The Pergola With Convenient Built In Misting System To Stay Cool This Summer & A Flat Screen TV - Perfect For Football Season Or Your Fav Reality Show! Located In A Swim & Tennis Community + Close To Schools, Shopping, Food, Golf, & Downtown Loganville Events!
You may be able to put down less than the total down payment amount of $170,038 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10336011