1913 Henderson Falls Way, Braselton, GA 30517
4 beds · 3 baths · 2,470 sqft
Move-in ready 4 BR 2.5 BA home with an ASSUMABLE VA LOAN option..... in the sought after neighborhood at The Falls of Braselton, Master Bedroom on the main level with oversized closet. The Falls of Braselton is a Swim Tennis Community with Clubhouse, Fitness Facility and is close proximity to the newly to be built Mulberry Riverwalk, featuring Restaurants and Retail Shops. Enjoy entertaining in the separate dining room with easy entry from the kitchen that overlooks the family room with fireplace and double glass doors to access the oversized 12 x 22 deck overlooking the wooded area of Mulberry Lake. Upstairs you will find 3 additional bedrooms and a bathroom with landing area, perfect for a small office nook. The unfinished basement is stubbed for a bathroom and additional kitchen and the owner has framed it for 5 additional rooms, so all that's needed is to finish the basement for a man-cave, in-law or teen suite/apartment. The owner has added additional parking for an RV with 6 inch steel reinforced concrete with a 220 Volt Electrical that splits to 50 Volt for RV electrical needs. There's enough parking for 6 vehicles including the 2 car front entry garage. The siding is upgraded Hardiplank siding, and the full exterior of the home has been freshly painted. Schedule an appointment today to see all the features this home offers.
Source: FMLS #7503614
Source: FMLS #7503614
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.