1331 DAYSPRING TRCE, Lawrenceville, GA 30045
Step into a world of unparalleled elegance with this captivating 5-bedroom, 3-bathroom gem, perfectly situated in the prestigious Grayson High School district. As you enter, you'll immediately 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.
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: #10362366