1227 Castle Point Ct SW, Conyers, GA 30094
4 beds · 5 baths · 3,962 sqft
Spectacular executive estate on large lot in beautiful sought after enclave neighborhood of 14 executive homes. The stately double entry doors welcome you into an elegant 2-story foyer. Lots of natural light and soaring ceilings show off the gleaming hardwoods throughout the main level! The banquet-sized dining room will be where many memories are made! The large, well appointed two-story great room with beautiful coffered ceiling and a wall of double windows is the perfect entertainment area! In the right wing of the home is the massive primary suite with double tray ceiling that will become your personal sanctuary! On one side of the suite, behind glass french doors is a beautiful sitting area that could be an office, nursery, reading nook, TV room, or whatever you decide. On the other side, the elegant spa-like bath awaits featuring "his and hers" vanities, an enormous jetted tub, large shower and lots of closet space! On the other side of the great room is the large kitchen with a huge island and breakfast bar. With a walk-in pantry and lots of beautiful stained cabinets, there is all the storage you could need! Gleaming granite covers the expansive counter tops. From the kitchen and breakfast room, there is a view of the lovely family room with a stone fireplace. The family room opens to the expansive outside upper deck. The huge three car garage on this level opens directly into the kitchen. The large laundry room completes the main level. From the foyer there is a staircase to the upper level. The catwalk overlooks the downstairs featuring the flow of a floor plan perfect for entertaining. Upstairs are 3 large secondary bedrooms and 2 full baths. After seeing all that the upper two levels have to offer, head down to the finished terrace level that will certainly wow you from the bar/entertaining area, to the large media room, exercise room, office area, full bath, and a sleeping room. This leads out to the lower deck. There is lots of room for whatever your household needs! The large backyard also has an outbuilding that matches the house and allows for storage of lawn equipment, tools and whatever you need. This property is eligible for a $7500 Chase Homebuyer Grant. Call today! It will go quickly so don't miss out on your forever home!
Source: FMLS #7527564
Financials
Source: Public records
Source: FMLS #7527564
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.