12710 Old Surrey Pl, Roswell, GA 30075
6 beds · 6 baths · 6,995 sqft
Welcome to Old Surrey Place, a hidden gem in a community of just eight custom-built homes. The home is meticulously renovated from top to bottom, set on 2.6 acres of pristine land, this beautiful estate on a secluded cul-de-sac offers unparalleled privacy. It is zoned for the highly sought-after Roswell High School district and a top-rated elementary school, with prestigious private schools nearby. Indulge in exceptional luxury with high-end custom upgrades throughout. The gourmet kitchen boasts an oversized island, a Sub-Zero built-in fridge, a Wolf range, brand-new double ovens, and a breakfast room with a striking vaulted ceiling. The kitchen flows seamlessly into a stunning fireside keeping room/family room, accented by elegant beams and shiplap details. The primary suite on the main level includes a spa-like en suite bathroom with marble finishes and overlooks the expansive property. It also boasts a fabulous custom closet. Upstairs, oversized secondary bedrooms each have private baths and hardwood floors. The fully finished terrace level includes a bedroom with a private bath, a gym, a recreation room/flex space, and a bar-perfect for entertaining. Outdoors, enjoy the expansive backyard with a sport court, fire pit, zip line, forest swing, cleared wooded areas ideal for dirt biking or ATVs, and plenty of flat, usable grassy space. The property backs up to Dominey Lake. Recent updates include two HVAC systems and a heat pump, all less than a year old. Storage is abundant, with room for a wine cellar. There's also electric vehicle charging in the oversized three-car garage. Plans for a pool have already been drawn up, ready for the next homeowner to make it their own! With a prime location just minutes from downtown Crabapple and Roswell, this home offers an unbeatable combination of privacy, luxury, and convenience.
Source: GAMLS #10414426
Source: GAMLS #10414426
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.