1420 Lockridge Dr, Cumming, GA 30041
5 beds · 4 baths · 4,048 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to the perfect blend of elegance, comfort, and functionality in this beautifully maintained 4-sided hard coat stucco home, ideally located in the highly sought-after SOUTH FORSYTH community of Mashburn Landing, just minutes from the sparkling waters of LAKE LANIER. Lanier Park Boat Ramp and Habersham Marina minutes away. Boasting 5 spacious bedrooms, 4.5 luxurious bathrooms, and a FULLY FINISHED BASEMENT designed with multigenerational living in mind, this home offers something special for every member of the family. Nestled on an expansive and PRIVATE .71-ACRE LOT, this home makes a grand first impression with its timeless stucco exterior, manicured landscaping with seasonal blooms, and stately curb appeal. Step through the front door into a light-filled 2-story foyer where youCOll be greeted by gleaming HARDWOOD floors that flow throughout the main level, FRESHLY PAINTED walls in soft, NEUTRAL tones, and extensive CROWN MOLDING that adds an elegant finishing touch to every room.The CHEF'S KITCHEN is a true showstopper Co an epicenter for gatherings and gourmet creations. Equipped with STAINLESS STEEL appliances, double ovens, granite countertops, and a stylish tile backsplash, this kitchen is as functional as it is beautiful. Whether you're preparing a casual breakfast or hosting a holiday feast, you'll love the generous counter space, ample cabinetry, and central island that makes meal prep a breeze. Adjacent to the kitchen is a sunlit breakfast nook and an inviting family room anchored by a COZY FIREPLACECo the perfect spot for relaxing evenings or Sunday morning coffee. French doors lead out to the SCREENED PORCH, where you can sip your morning coffee while enjoying peaceful views of the manicured backyard. This serene space is also perfect for curling up with a good book or enjoying a glass of wine as the sun sets. The formal dining room and a separate living room or home office complete the main level, offering versatility to suit your lifestyle. Upstairs, the ownerCOs suite is your personal sanctuary. This expansive room features tray ceilings, walk-in closet, and a spa-inspired en-suite bath with DOUBLE VANITIES, a soaking tub, and a separate tile shower. ItCOs the perfect escape after a long day. Four additional bedrooms provide generous space for family, guests, or home offices. One of the secondary bedrooms includes its own en-suite bath, ideal for teens or visiting guests, while the others share a well-appointed Jack-and-Jill bath. Step outside to your private, fenced backyard oasis. Flat and fully usable, this yard is a rare find in South Forsyth. And letCOs not forget the hot tub Co the perfect spot to unwind at the end of the day. Imagine soaking under the stars after a day on Lake Lanier or a long week at work. ItCOs your own personal spa retreat, right in your backyard. Conveniently located near top-rated Forsyth County schools, premier shopping, dining, and entertainment, and with easy access to GA-400 and Northside Forsyth Hospital, this home places you in the heart of it all while still offering a peaceful, private setting. Whether you're spending weekends at Lake Lanier, enjoying local parks and walking trails, or exploring the vibrant shops and restaurants of Cumming and nearby Alpharetta, this location has it all.
Source: GAMLS #10497506
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10497506
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.