1515 Timber Trce, Canton, GA 30114
4 beds · 4 baths · 2,561 sqft sqft
Welcome to Your Tranquil Mountain Retreat! Nestled in a serene neighborhood with spacious lots and rolling hills, this stunning home offers the perfect blend of mountain living and urban convenience. As you step inside, the vaulted ceilings in the great room draw your gaze to the beautiful backyard beyond the windows. Whether youCOre relaxing indoors or exploring the natural beauty of the surroundings, this home truly provides the best of both worlds. The main level features a formal dining room and a flexible space with elegant French doors adjoining the ownerCOs suiteCoan ideal office or sitting room. The recently updated ownerCOs bath boasts double vanities, quartz counters, a custom tile shower, and luxurious soaking tubCoa true oasis within your oasis. The open floor plan, adorned with fresh, neutral paint, seamlessly connects the kitchen to the great room, making it ideal for entertaining. Abundant white cabinets and a large breakfast bar provide both functionality and style. Newer stainless steel appliances add a polished touch to the heart of the home. Convenience continues on the main level with a laundry room featuring a utility sink and cabinets for extra storage. Upstairs, discover three secondary bedrooms, along with a full bath and an additional half bath. The terrace level awaits your personal touchCoitCOs partially finished with a true media room and an office/living area featuring a charming barn door. A full bath is framed in and ready for completion. Electrical and plumbing are already in place, and the tub and commode have been purchased and stay with the home. Additionally, thereCOs a workshop with a separate garage door and plenty of space for customization or storage. This home combines comfort and functionality seamlessly. Recent updates include new exterior paint in 2023, gutter guards installed four years ago, and a new upstairs HVAC system. An innovative U/V Honeywell air purifier and fresh carpet enhance the living experience. Step outside to the tranquil backyard, where outdoor patios and stairs lead to beautifully landscaped areas and planting beds. The fenced yard ensures privacy, and the nearly one-acre lot is one of the largest in Cherokee Falls, providing ample space between neighbors. Please don't miss out on this fantastic opportunity to own this oasis paradise.
Source: GAMLS #10377394
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10377394
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #10377394
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.