1980 WESSINGTON CT, Buford, GA 30519
$10K Seller Contribution towards buyer's closing cost! Welcome to 1980 Wessington Court, a luxurious haven nestled in a prestigious cul-de-sac in Buford, GA. This magnificent residence boasts 6 bedrooms, 3.5 bathrooms, and over 3150 square feet of living space, all set on an expansive 1.26 acre lot. As you enter, a grand two-story foyer sets the stage, featuring an elegant accent wall that adds a touch of contemporary flair, while the family room, complete with a fireplace and double doors leading out to the oversized deck, enhances the sophisticated ambiance. The gorgeous kitchen, complete with stainless steel appliances, exudes a timeless elegance, making it a focal point for culinary inspiration and entertaining. The second level of this home features a large owner's suite, boasting a lavish walk-in closet, lush soaking tub, and a separate shower. Additionally, the nice-sized secondary bedrooms offer ample space, ensuring comfort and privacy for family and guests. The fully finished basement, complete with a well-appointed kitchen and full bath with a separate entrance, presents an enticing opportunity for additional income through renting. Step outside to the expansive backyard deck, a lavish setting for grand entertaining and leisure. The freshly painted exterior, new roof, gutters and new siding elevate the home's allure and functionality. Conveniently located mere minutes away from the prestigious Mall of Georgia, upscale shopping centers, and an array of amenities, this property seamlessly harmonizes luxury and practicality. With no HOA restrictions, this is an unparalleled opportunity not to be missed. Do not miss the chance to immerse yourself in the splendor of this remarkable property. Schedule your private showing now and envision the grand lifestyle that awaits in this Buford residence.
You may be able to put down less than the total down payment amount of $190,197 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7431396