1983 Leonard Bridge Rd, Chatsworth, GA 30705
4 beds · 3 baths · 2,921 sqft
Welcome to this spacious 4-bedroom, 4-bathroom home featuring an in-ground pool with depths ranging from 4 to 9 feet. The property boasts a roomy front porch with a charming fence and a large, fenced-in backyard for added privacy and relaxation. Two of the bedrooms are master suites, each with its own full bathroom; one master bath includes a jacuzzi tub and separate shower. Inside, you’ll find both formal and informal dining rooms, and beautiful hardwood floors throughout. The kitchen has fairly new appliances and includes a brand-new dishwasher (currently in the garage, ready to be installed). The pool equipment has been recently upgraded with a new fan pump, automatic cleaner, vacuum, and sand covering, though it will need a new liner. Other items that may require attention include the garage door, which is currently not functional, as well as the toilets and some interior paintwork. This home includes an attached two-car garage and a storage shed in the backyard. Additional features include central heating and air with both gas and electric options, and three HVAC units (one of which will need replacing). The septic tank was serviced last year, ensuring peace of mind for future owners. This home is a fantastic opportunity for anyone seeking a spacious property with unique amenities and room to customize.
Source: FMLS #7496665
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7496665
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: #7496665