132 HAMMOND DR, Canton, GA 30114
Welcome home to this beautiful residence nestled in sought after Fox Hills. Situated on 5.53 acres in a peaceful community, this home offers privacy and tranquility with its long driveway and mountain like setting. Rocking chair front porch with swing, takes you inside the house where tons of natural light creates a warm and inviting atmosphere. Vaulted ceilings in the Family Room, Eat In Kitchen with Island, granite countertops, Separate Formal Dining room, large Owners suite with Sitting Area, Den off the foyer could be a separate guest/older child/mother-in-law area with bedroom and bathroom, separate entrance with back porch. It includes a separate Full In-Law Basement Apartment with a private entry, also ideal for extended family or guests. Featuring several recent updates including newer interior paint, newer HVAC units, a Roof that's just over two (2) years old, recently painted exterior trim and deck and refinished hardwoods add to the charm and elegance of this well maintained home. The fenced backyard oasis offers outdoor living space with firepit for easy entertaining and everyday living. Great for friends and family gathering or just a peaceful retreat from a long day. Take a walk in the woods down to the creek or pitch a tent for a family weekend getaway while being home. A rare opportunity to own a spacious home with both comfort and convenience in a desirable location. Don't miss the opportunity to make it yours! **5 minutes to Lake Allatoona/Sweetwater Campground area; **appx 10 minutes from 75 and 575.
You may be able to put down less than the total down payment amount of $117,373 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: #7433096
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.