204 GRANT RD W, Dawsonville, GA 30534
SELLER OFFERING $4,000 TOWARDS CLOSING COSTS OR A BUY DOWN!!! Come see this Beautiful home in Dawsonville right off GA 400, with No HOA!! This amazing home is tucked away in a quiet neighborhood, just minutes away from North Georgia Premium Outlets where you'll find tons of shopping and dining options.Less than 30 minutes from Lake Lanier. Situated on just over an acre of property, you will see that this is a well-kept and spacious home. Long driveway offering lots of space for all your vehicles. As you walk inside, you will notice bright, open family room that flows into the kitchen with plenty of space for everyone. All throughout the home has all new Hardwood & tile flooring, along with fresh interior paint in all rooms. This home offers split bedroom plan with master suite on the main level along with 2 additional bedrooms and 1.5 bathrooms. Need more space? There's an additional bedroom & bathroom upstairs, great for guests or for use as a playroom or office. Located behind the house is a good size storage building. This home is turn-key and ready for move in!!!
You may be able to put down less than the total down payment amount of $179,843 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: #10351589