1498 RIVER HAVEN DR, Lawrenceville, GA 30045
Lots of space for a growing family. This 2 story home sits on a full basement and includes 5 bedrooms and 4 full baths. Open concept plan allows unobstructed views of the family room from the kitchen. Walking in the foyer from the large front porch you'll see an office to the right and dining room to the left. As you walk ahead on the beautiful hardwoods the floorplan opens up into the large two story family room. Built ins flank the cozy fireplace and a wall of windows let in plenty of light. The kitchen is bright and spacious with white cabinets and solid surface tops. The island is great for food prep as well as a gathering spot. This home has a bedroom and full bath on the main for guest or the mother in law. Upstairs are 3 spacious bedrooms, one ensuite and the other two sharing a jack and jill bath. The master suite is oversized and includes a larger than most bathroom with double shower and large tub. Double vanities with plenty of space for all the stuff you keep on the bathroom countertop. The master closet has been custom fitted with a closet system. Need storage? The unfinished basement has plenty of room to store all the things you won't get rid of....or if you decide you need a man cave it's ready to be finished. How many cars do you have? This home has a 3rd car carriage garage that could be used for more storage or that car you never drive. Great location within 2 miles of Archer high school, 5 min to hwy 316 or 30 min to Athens. Seller will pay for a 1 year 2-10 Home warranty at closing for buyer!
You may be able to put down less than the total down payment amount of $275,466 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
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: #7393872