175 Kenwood Trl, Senoia, GA 30276
4 beds · 2 baths · 2,760 sqft
Price Improvement! All offers are considered! Come see this amazing well kept home in the heart of Senoia on the cart path. This home has 4 bedrooms and 2.5 baths. Hardwood flooring, granite in kitchens and baths. Spacious outdoor covered patio with a fireplace. What a great way to spend those fall evenings watching sports out by the fireplace. This home is golf cart accessible to downtown Senoia. One of the few subdivisions in Senoia. This home offers a home warranty. The seller's are offering the buyer $15,000 in concessions to use anyway they wish if under contract by 12/30/2024. If the buyer wishes to buy point down, use per closing, etc. the options are there. The office desk in the office can convey with the property as the kitchen island. This property has been well kept as the records show that is was built in 2016, yet this was a new construction home that was finished in the spring of 2017, as these are the first and only owners of the property. The home offers a nice size office area, dining room, mud room off the garage, spacious kitchen, bedrooms, and bath. The pool is not far from the home within walking distance, or take the golf cart. The seller's are willing to do a lease purchase if you go through Home Partners of America or Divvy homes. They will not do a hold the note lease. If any questions about the lease purchase please reach out to me. If you've ever dreamed of owning a home in close proximity to downtown Senoia, now is your chance. This subdivision is almost built out and homes will start selling quickly in this subdivision. The listing price is below comps and appraisal.
Source: GAMLS #10397835
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10397835
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: #10397835
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