1331 Dayspring Trce, Lawrenceville, GA 30045
5 beds · 4 baths · 0 sqft
Step into a world of unparalleled elegance with this captivating 5-bedroom, 3-bathroom gem, perfectly situated in the prestigious Grayson High School district. You'll be struck by the versatile main-floor bedroom, a rare find that promises convenience and flexibility for guests or extended family. The heart of this home is a chef's dream: an expansive kitchen featuring a grand island that beckons for lively gatherings and culinary adventures. Ascend to the upper level and discover the masterful owner's suite-a true sanctuary with a sprawling bedroom and an opulent bathroom, designed to indulge your senses. Venture downstairs to the unfinished basement, a blank canvas brimming with potential. Equipped with heat and air conditioning, this space is primed for your creative vision. Recent enhancements elevate this home to a new level of sophistication: new windows that bathe the interiors in natural light, a cutting-edge HVAC system, and a whole-house water purifier ensuring pure, pristine water throughout. Outside, a custom-built tree house stands as a whimsical testament to the home's charm, offering a magical retreat for children and adults alike. This property isn't just a house; it's a dream waiting to be lived, blending modern luxury with an enchanting design that promises to make every day extraordinary.
Source: FMLS #7443027
Source: FMLS #7443027
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #7443027