16575 QUAYSIDE DR, Alpharetta, GA 30004
UNPARALLELED VALUE IN GATED KINGSLEY ESTATES! Welcome home to this exceptionally well built, brick and stone, custom home on a private, fenced in, level lot with stunning saltwater pool, hot tub, fire pit, outdoor grill, and two covered porches! Spacious, open floorplan for large family gatherings and entertaining on the main level chef's kitchen that opens to a separate breakfast room and vaulted keeping room with custom built-ins and beams. Hidden pantry, oversized drop zone, 2 half bathrooms, and separate friend entrance make this floor plan fun and unique. Guests enjoy their own private suite on the main level with full bathroom. On the main level you will also find a dedicated office, separate living room with coffered ceilings and fireplace, and banquet sized dining room. The laundry room is conveniently located upstairs along with 3 expansive secondary bedrooms with en suite bathrooms, and oversized closets. The media room, shown as a bedroom, is another great space for a home office or playroom. The upstairs primary suite is an entire wing of this incredible home! Don't miss the dual primary closets with built ins, coffee bar, spa like bathroom, and additional room through the primary closet that would make the perfect home office, nursery, or third primary closet. Finished terrace level with movie room, bedroom, full bathroom, secondary kitchen, awesome bar, media room, and plenty of unfinished storage space. Personalize your dream interior spaces over time with the expansive rooms on each of the three finished levels, or reinvent every room right away with your dream lighting, flooring, countertops, the works! Award winning Milton schools: Birmingham Falls Elementary, Northwestern Middle and Cambridge High. Incredible amenities with community tennis, swim, clubhouse and playground! Fantastic location only 5 minutes from Publix, 7 Acres, and Scottsdale Farms, and close to D/T Milton, D/T Alpharetta, Avalon and 400! Don't miss your chance to get into Kingsley Estates and customize your forever home in Milton!
You may be able to put down less than the total down payment amount of $830,110 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: #7356195