149 Cedar Woods Trl, Canton, GA 30114
6 beds · 7 baths · 7,421 sqft
Attention- Take advantage of this incredible opportunity! Worried about interest rates? Ask about how you may qualify for a free 1% interest rate buydown when using our preferred lender. Terms and conditions apply. Potential savings may vary and depend on the loan amount and specific terms of your mortgage. Discover the ultimate in luxury living with this exceptional 6-bedroom, 5-bathroom, and 2 half-bath estate, set on a secluded, wooded lot in the prestigious Summit at Bridgemill. With 7,421 square feet of thoughtfully designed space, this home seamlessly blends elegance and functionality. The grand two-story foyer, with marble floors, leads to a serene home office featuring custom millwork, vaulted beamed ceilings, a fireplace, and built-in bookshelves. The main level includes a luxurious master suite with a double-sided fireplace, spa-like bathroom, and space for a massage table. The terrace level offers a full in-law suite with a second master bedroom, media room, full kitchen, fitness room, and private outdoor spaces overlooking a tranquil rock garden, perfect for guests or extended family. Situated on a corner cul-de-sac lot, the home offers a low-maintenance courtyard-style backyard with room to expand. The community features pools, golf, tennis, pickleball, trails, and more, with no mandatory membership fees. Conveniently near highways and the airport, this home’s four-sided brick and stone exterior combine timeless beauty with low maintenance. Entertain in the formal dining room with treetop views, or gather in the keeping room and gourmet kitchen with a large island. Additionally, the home boasts a brand-new HVAC system for enhanced comfort and efficiency. Don’t miss this meticulously crafted masterpiece in an ideal location!
Source: FMLS #7513681
Financials
Source: FMLS #7513681
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.