1835 Madrid Falls Dr, Braselton, GA 30517
4 beds · 3 baths · 2,426 sqft
Welcome to this rare and spacious 4-bedroom, 3-bath ranch-style home with modern upgrades and thoughtful design elements. Built with comfort and style in mind, this newer residence offers a seamless blend of elegance and functionality. Upon entering, you'll be greeted by gleaming hardwood floors that run throughout the main level, enhancing the home's warmth and sophistication. The open-concept kitchen is a chef's dream, featuring granite countertops, stainless steel appliances, and a generous breakfast area that opens into the cozy family room. An enclosed sunroom extends the living space, offering a tranquil spot to relax year-round, while the formal dining room is ideal for hosting memorable dinners with friends and family. The main-floor master suite is a retreat of its own, boasting a luxurious ensuite bathroom with double vanities, a separate shower and soaking tub, and a spacious walk-in closet designed to meet all your storage needs. An oversized additional bedroom and full bath upstairs provide both privacy and versatility-ideal for guests, a home office, or a media room. With over 2,000 sq. ft. of unfinished basement, this home offers endless possibilities for future expansion, from a home gym or workshop to extra living quarters. Set in a desirable swim and tennis community, the home is just minutes from the new NE GA Hospital, the renowned Chateau Elan Winery and Resort, the vibrant Mall of Georgia, and convenient access to I-85 making it perfect for commuters. This property offers not just a home but a lifestyle-a rare find that balances modern living with neighborhood charm. Come see for yourself what makes this home a true standout!
Source: GAMLS #10404971
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10404971
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: #10404971
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.