127 Allium Ct, Griffin, GA 30223
2 beds · 2 baths · 2,137 sqft
Motivated Seller! Seller is including one-year home warranty plus additional buyer incentives! Ask you agent for details. Priced below market value! This well-maintained home is over 2100 sq. feet and offers 2 bedrooms, 2 full baths, and an office/flex space. Open concept floor plan with views from the kitchen to the dining area, family room, and sunroom. Spacious kitchen with tons of cabinets and countertop space, stainless appliances, custom backsplash, an island with seating space, and a cozy breakfast area with a built-in desk. Dining area with wainscoting. Family room with gas fireplace. Large, tiled sunroom with an abundance of windows. Primary suite with trey ceiling and spa style bath with separate soaking tub and shower, custom painted cabinets, and large walk-in closet. Spacious guest bedroom. Additional flex room with French doors is perfect to use for an office or workout room. Garage features walk-up stairs to a floored storage area. Enjoy entertaining outside on the enlarged patio featuring a beautiful pergola. Come enjoy the pools, fitness center, tennis courts, pickleball courts, and tons of activities that are just a few amenities that Sun City Peachtree has to offer. Call today to schedule your showing. Ask how you can receive up to $1500 credit by using one of our preferred lenders. Exclusions may apply.
Source: FMLS #7536344
Financials
Source: Public records
Source: FMLS #7536344
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.