17 Laurel Trl, Powder Springs, GA 30127
4 beds · 3 baths · 3,371 sqft sqft
Stunningly updated cape cod with a wrap around front porch conveniently located near shopping, schools, parks and Paulding Hospital. The main level of this home has new LVP flooring and updated light fixtures throughout, newly renovated half bath, large family room with a fire place and lots of natural light. The master bedroom is on the main floor as well with a newly renovated bathroom that includes new pex pipes, double vanity, stand alone soaking tub and a tile shower. The kitchen has been updated to include granite counter tops, open shelves, stainless appliances and a spacious pantry area. Upstairs there are 2 generous sized bedrooms, newer carpet and a large, newly renovated bathroom which also has pex pipes, huge linen closet, and new vanity and fixtures. The basement includes a bonus room with a spacious walk-in closet, a separate, large movie room, a utility room with new water heater and a large shop with a workbench, lots of storage, whole home generator and a 3rd garage door/boat door. This lot is a half acre with no HOA, nice firepit area and a newly painted fence. There is a shed with a chicken run also included. The back deck is great for all of those summer cookouts and a beautifully updated screened back porch that has been completely redone with new screens, brick accent wall, reclaimed wood mantle and a fireplace. Windows, roof and HVAC are also new! Septic tank was pumped 2 years ago. 1 year home warranty is being offer by seller at closing. Independent appraisal in hand- listed below appraised value!
Source: FMLS #7476717
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7476717
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: #7476717
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.