184 Cedarcrest Dr, Acworth, GA 30101
3 beds · 2 baths · 1,544 sqft
Welcome home! This is a hobby homesteader's DREAM! This charming home sits at the end of a small quiet residential street while still being less than a mile from shopping and dining. The large fenced backyard boasts the play area of your dreams with a large level fenced space. Beyond that is the most epic chicken coop set up along with multiple large galvanized raised garden beds and a separate storage shed for all your gardening and storage needs! Head on inside and you will find a spacious living area that opens up to an eat-in kitchen with gorgeous granite countertops and a farmhouse feature wall made of white shiplap. Sliding glass doors to your large back deck and outdoor oasis! Just a few steps up from the main level you will find two spacious bedrooms and a full bath. The shared bathroom boasts a large skylight providing the perfect natural light. Head just a few stairs down and you will enter the third primary suite with the most perfect his and her closet set-ups. Just down the hallway is your second well appointed full bathroom. Around the corner is your washer and dryer. Roof replaced in 2022. HVAC is less than 10 years old and regularly serviced with warranty company. Home is well maintained and move in ready for the next family to make it their own! Located in the highly sought after Cedarcrest/North Paulding area. **PLEASE DO NOT ENTER COOP OR MESS WITH CHICKENS/DUCKS** Thank you!
Source: FMLS #7533456
Financials
Source: Public records
Source: FMLS #7533456
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.