202 Reston Ct, Ball Ground, GA 30107
3 beds · 3 baths · 1,856 sqft
Are you 62+ years old this year? Ask about Cherokee County Senior School Tax Exemption benefits for buying before end of year! Charming Craftsman home on a quiet cul-de-sac in the River Brooke neighborhood. The home welcomes you with a covered entry and stone facade. The two-story foyer leads to a spacious, light-filled living room. The open-concept design is an ideal space for gatherings. The heart of the home is the beautifully designed kitchen, featuring stained cabinetry, spacious countertops, updated appliances, pantry, and a breakfast area. The kitchen opens right into the dining room, featuring crown molding, offering the ideal space for entertaining. Just off the kitchen is the great room featuring a cozy fireplace and a view of the backyard. The upper level offers a primary suite with a dual vanity, soaking tub, separate shower, and walk-in closet. Two secondary bedrooms share a hall bath, and the laundry room is on the upper level. Step outdoors through the French doors and enjoy the patio and fenced backyard. Located in the Cherokee High School District with quick access to Hwy 575 located between Canton and Ball Ground. The community amenities include a clubhouse for social events, a pool, and a playground.
Source: FMLS #7470159
Source: FMLS #7470159
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: #7470159
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.