145 Flowing Spring Trl, Roswell, GA 30075
5 beds · 4 baths · 4,797 sqft
Return to a time when you can walk to school, enjoy an afternoon in the park, ride bikes to the pool. Embrace the curb appeal on this beautiful brick home with side entry garage situated on everyone’s favorite street in beloved Wildwood Springs swim/tennis community. With hardwood floors throughout the main and upper levels, the space flows effortlessly in this gracious home. A welcoming two-story foyer is framed by a formal dining room and office/ living room with bay window. A vaulted great room with wood accent beam, built-in cabinetry, and brick fireplace create an inviting gathering space for family and friends. Two separate French doors provide outdoor access to the upper-level deck and spectacular views of the backyard. The light-filled eat-in kitchen has crisp white cabinetry, stone countertops, and stainless appliances. Windows everywhere with amazing views. Guests can enjoy a main level bedroom with full bath access. Front and rear stairs lead to the upper level where the hardwood floors continue in the four bedrooms all with direct bath access. The primary suite with bay window features a tray ceiling, room for sitting area, and full bath with dual vanities, jetted tub, shower, and large walk-in closet. An expansive terrace level offers fun rec space, room for media, gym, and access to terrace level deck and expansive backyard. Award-winning Mountain Park Elementary School and Leita Thompson Park are right around the corner. Enjoy a wonderful home and an amazing swim/tennis neighborhood in the charming city of Roswell. Love Where you Live!
Source: FMLS #7548373
Source: FMLS #7548373
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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 of Equal Opportunity Act.