1490 Highland Lake Dr, Lawrenceville, GA 30045
6 beds · 4 baths · 3,799 sqft
Welcome Home! This all-brick ranch home is located in a quiet, well-maintained community that offers the perfect balance of classic design and serene surroundings. Situated just minutes from parks, the Webb Ginn shopping venue, and Lawrenceville's vibrant downtown, with many dining, shopping and entertainment options. This home provides both convenience and tranquility. The gourmet eat-in kitchen features granite countertops, stainless steel appliances, and an island, perfect for preparing meals and entertaining guests. The inviting living room, with its cozy fireplace and striking double-tray ceilings, creates an ideal atmosphere for relaxation. A formal dining room and a versatile front room offer additional space, whether for a library, office, or formal living area. You'll find a spacious main-level owner’s suite with elegant double-tray ceilings and a cozy sitting room, offering the perfect nook for relaxation. The attached spa-inspired bathroom features a jetted tub, separate shower, and ample space, creating a true retreat. Upstairs, a second oversized primary bedroom provides a private sanctuary, complete with its own ensuite bath. The home also includes two additional well-appointed bedrooms on the main level, providing ample room for family or guests. The expansive finished basement offers flexibility and endless possibilities for recreation or hobbies. It features a large bedroom, a full bathroom, and three flexible spaces—one of which includes a nostalgic soda shop-style bar, ideal for a home theater or entertainment area. An additional room provides the option to create a sixth bedroom or another living space. The basement also includes a workshop area and a one-car garage with a wrap around driveway. Step outside onto the expansive deck or relax in your private screen porch, where you can enjoy beautiful views of mature landscaping and a tranquil creek running along the back of the property. The private, level backyard offers the perfect space for outdoor relaxation and entertaining. The home is part of a highly sought-after community that provides access to a lake dock, a pool, and tennis courts, ensuring plenty of opportunities for outdoor recreation. Additionally, the property is ideally located near shopping at Webb Ginn, dining options, and top-rated Gwinnett County schools, with easy access to I-85 for convenient commuting to Atlanta. With its spacious layout, exceptional features, and ideal location, this home offers everything you need for comfortable living. Don't miss the opportunity to make it yours.
Source: FMLS #7545745
Financials
Source: Public records
Source: FMLS #7545745
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.