1692 Cumberland Trce, Acworth, GA 30102
3 beds · 2 baths · 1,581 sqft
Welcome to this beautifully updated home, perfectly positioned on a spacious, level 1/2-acre lot with a side-entry garage and long driveway that adds both convenience and charm. Designed for comfort and style, this home features a bright, open layout with generously sized rooms and an abundance of natural light. The refreshed kitchen boasts plenty of storage space, including a large pantry, while the expansive living room includes a cozy gas/wood-burning fireplace. With three well-proportioned bedrooms and two completely updated full bathrooms, this home offers flexibility for any lifestyle. You'll love the stunning great room off the kitchen, offering a peaceful retreat with beautiful views of the backyard year-round. Recent updates throughout the home include brand-new LVP flooring, new interior paint, new ceiling fans, and all appliances are included! Outside, relax on the charming rocking chair front porch or step onto the brand-new deck in the back, where you'll find a large, level, private backyard, a newer fence, and a custom shed for additional storage. The backyard also features a firepit area with a pull-down movie screen, making it perfect for entertaining. The home is also upgraded with a new concrete driveway and walkway, and the owners have installed a brand-new roof, gutters, and exterior paint for added peace of mind. Best of all, there’s NO HOA, giving you added freedom and privacy. Conveniently located with quick access to I-75 and I-575, and just minutes from shopping, dining, Lake Allatoona, parks, and Kennesaw State University. This home is truly a must-see! Schedule your private showing today!
Source: FMLS #7545691
Source: FMLS #7545691
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.